Single women retiring
Retirement is something many hard-working women look forward to doing in their golden years. It’s a great way to start enjoying life to the fullest, weather you decide to spend your time volunteering at the library or cruising along the Mediterranean Sea, you must have a plan for the future. Currently, about 43 percent of women who reach retirement are widowed, divorced or decided to never jump the broom. Single women are already at disadvantage compared to women who are married, since they don’t benefit from a dual-income household. There is a lot of misconception of the cost of living and how much it will really cost to be retiree. Many single women are not familiar with how-to or when to start saving for retirement.
It’s important to plan for retirement so that it doesn’t become a financial burden once you are already there. Let’s face it, as we age our health beginnings to dwindle along with our wallets. This is why you must prepare for added health care costs and living arrangements, especially if you are planning to do it solo. Even women who are currently married should have a backup plan just in case things don’t go as planned.
On a positive note, this doesn’t mean that single women are doomed. Single and sophisticated sweethearts must simply plan smarter, save more and most importantly, research the best options to maintain the after retirement lifestyle they desire. The key to making the best of these years is to plan ahead and become financially savvy now. Not sure how to approach this? It can be beneficial to contact a financial advisor who can help steer you in the right direction. What are you waiting for? Start planning today
Brian F. LaBovick, Esq.
Esther Uria LaBovick, Esq.
Marcie Dodson, J.D.
Rafael M. Diaz, Esq.
Mark R. Hanson, Esq.
Joseph R. Fields Jr., Esq.
Tara L. Kopp, Esq.
Warren Q. Peebles, Esq.
Joseph T. Zebrowski, J.D.