Here’s an overview of what Robin’s been reading this month:
1) Retired women and financial crises: Did 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 planning: Do 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 obstacles: Feel 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.