What Robin’s Reading: Women & Retirement Planning

Robin Weingast Reading RecsMarch is Women’s History Month, so this month, Robin’s been reading upon tips and tools that will help women set themselves up for financial security and peace-of-mind.

Here’s an overview of what Robin’s been reading this month:

1) Retired women and financial crisesDid you know that over 70% of nursing home residents are women and that the average daily cost of a room in a nursing home is $90,000 (it may even be higher in New York and other metro areas)? With a longer life expectancy, higher healthcare costs, and lower wages compared to their male counterparts, women need to be particularly vigilant about planning for their futures. This article details the risks and solutions that women can employ to avoid a financial crisis during retirement.

2) Working women and successful planningDo you find yourself taking a back seat in financial planning when it comes to your husband or partner? Are you certain you have your bases covered when it comes to life insurance, child financial planning, investment planning, and retirement planning? If you’re worried you may not be an equal partner in financial planning for you and your family, here are some areas to pay attention to and tips to help you secure equal footing in your financial relationship.

3) Overcoming financial obstaclesFeel like there are too many obstacles standing in your way when it comes to financial planning? While women do face significant hurdles when it comes to financial security, it’s easy to turn obstacles into opportunities if you know what to do. We found this article particularly helpful.

If you need expert advice on how to plan for your financial future, get in touch with the Robin S. Weingast & Associates team. 

 

 

Resource of the Month: Planning for Women

Cheerful businesswoman sitting at the table and holding money

As Women’s History Month winds to a close, we want to present a resource that we hope all women will find helpful 365 days a year. Increasingly, women are facing the impact of poor financial planning, so whether you are 22 or 62, this resource will give you some valuable tools to help you face your future with more financial security.

RSW Resource Download Image

Image source: https://www.graphicstock.com/stock-image/cheerful-businesswoman-sitting-at-the-table-and-holding-money

Podcast of the Month: No Necktie Needed

When you think of a financial advisor do you picture a man?

Meet Juli McNeely, Financial Professional and former President of the National Association of Insurance and Financial Advisors. In her new book and on this episode “No Necktie Needed” she tells the story of how she thrived in a male-dominated industry, and how she’s inspiring her fellow advisors to educate and engage women as more and more females become primary breadwinners and decision makers.

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Image credit: https://www.graphicstock.com/stock-image/two-women-taking-notes-at-a-business-presentation