According to the Social Security Administration's estimate, the average 65-year-old woman will outlive the average 65-year-old man by more than two years. Women need to plan for the probability of managing their finances.
This month's newsletter will help you understand how to manage now instead of waiting for a dire event to happen.NEWSLETTER
There are many reason to work with a financial professional. Here are some of the reasons.
A financial professional can apply his or her skills to your specific needs. Just as important, you have someone who can answer questions about things that you may find confusing or anxiety-provoking. When the financial markets go through one of their periodic downturns, having someone you can turn to may help you make sense of it all.
When should you review it? What should you review?
An estate plan has three objectives. The first goal is to preserve your accumulated wealth. The second goal is to express who will receive your assets after your death. The third goal is to state who will make medical and financial decisions on your behalf if you cannot.
Every eighth American aged 65 and older has Alzheimer’s disease, and 43% of Americans aged 85 and older have it, according to the Alzheimer’s Association. Consider those percentages in light of the Social Security Administration’s estimate that about 25% of today’s 65-year-olds will live past age 90. These shocking statistics have serious implications for family wealth.1,2