Do not rely on the man in your life, or the future man, to provide your financial security.
With the deck stacked against you in so many ways, you must form your own plan. For the litany of challenges you face, look at what the statistics say.
*On average women earn 25% less than men. *Women have smaller pensions and social security benefits. *Women, on average, live 10 to 15 years longer than men. *Almost 1 in 4 women is broke within two months of her husband's death. *The average age of widowhood is 56. *Over 75% of women are eventually widowed. *87% of the adults living in poverty are women. ***At some point in their lives 90% of women will be in charge of their own finances.
I write this letter today struggling with sadness, for we have lost a beloved member of our family. Dear, sweet Ruth, my friend, my client, my mentor, recently left us for another place, after 90 years of gracing us with her presence.
I met Ruth in 1983, all 4 feet ten inches and 95 pounds of her. She came to see me because she was retiring from her long career as a bookkeeper for a successful insurance agency in town. Over the years we visited each other on a regular basis, on occasion even sharing a wonderful dinner or lunch she prepared at her home.
Steve Hood is a financial advisor/coach with more than 30 years of experience, concentrating in retirement planning and investment management.
Women's Institute For A Secure Retirement
Improving the long-term financial security of all women through education and advocacy.
LifePlan Advisors, Inc.
A Registered Investment Advisory Firm
130 Crooked Pine Rd.
Port Orange, FL 32128
Toll Free: 1-888-320-9624
Local: (386) 236-9681
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