by Ali Gilliland, Victory Wealth Services
It behooves all women, single or married, to make the effort to prepare for their financial future. Woman are 80 percent more likely than men to live in poverty at age 65 and older, according to a report by the National Institute on Retirement Security.1
The truth is all women — even those who are married or in a committed relationship — need to have their own financial plan, recommends a new study from the Center for Retirement Research (CRR) at Boston College. That doesn’t necessarily mean every woman needs her own career or earnings; it simply recognizes both spouses should be aware of the need to plan for a woman’s income sources should she survive her spouse or should the couple divorce.2
Singles and couples concerned about protecting a portion of their retirement assets may want to consider insurance options, such as annuities and life insurance. It is equally important to get all documents signed and in place for an estate plan.
Do you have a plan? Take the first step to reaching your goals and protecting your legacy. James Hait of Victory Wealth has been helping individuals and families in the Prescott area reach their goals and enhance their quality of life for nearly two decades.
Contact us at (928) 778-1050 or visit VictoryWealth.com.
