Women Should Think About These Things When Planning for Retirement

For women, securing enough retirement income can be a daunting proposition. Generally speaking, women face two significant hurdles to overcome to achieve a comfortable flow of retirement income: increased longevity and decreased earning power. Women have a longer life expectancy than men do in the US. The Social Security Administration has cited that “a women who turns 65 today can expect to live, on average, until 86.6, compared with age 84.3 for a man”. (www.miamiherald.com/latest-news/article212240529.html) Those statistics, being only averages, indicate that about 25% of those turning 65 will live past the age of 90 and even 10% will surpass age 95. That means roughly 35% of women turnin

Want to Prevent the Financial Abuse of an Elderly Loved One? Do These Three Things.

As I've indicated before, financial abuse of the elderly is a growing problem. This portion of the population can be exploited by strangers of professionals who deal with their assets, and even trusted family members and friends. Worse yet, many exploited people are ashamed that they were able to be taken advantage of and do not report the crimes. Unfortunately, this type of abuse not only affects the finances of the victim, but also their mental and physical well-being. Let’s take a look at the types of financial elder abuse and some measures that can and are being taking to prevent this type of abuse. Types of Financial Elder Abuse The first type of financial elder abuse is committed by st

© 2017 Matthew Ritchie