Five facts that threaten women’s retirement income and 3 ways to overcome them

Five facts that threaten women’s retirement income and 3 ways to overcome them

In this day and age where women are advancing in careers and business ownership, and experiencing success their predecessors only dreamed of, they still lag behind men in one key area: saving and planning for a financially secure retirement. Women are at risk of experiencing a financial shortfall in retirement. In other words, they risk […]

What’s the greatest retirement risk for women?

What’s the greatest retirement risk for women?

Ask any competent financial advisor, “What’s the greatest retirement risk for women?” They’ll give you a one-word answer: Longevity. The good news is that women are outliving men. The bad news is that it’ll cost them more money to retire. Longevity is the greatest retirement risk for women and that is compounded by the ever […]

Important considerations when naming beneficiaries

Chicago Tribune

Here’s another great article by Terry Savage, Registered Investment Advisor and best selling author.

In this article she runs through the basics you should consider when naming beneficiaries for life insurance and retirement accounts. Parents of young children and individuals who have remarried will find this especially helpful.

As always, when it comes time to actually name your beneficiaries, you should consult your estate planning attorney, financial advisor and insurance agent.

Most Long-Term Care Insurance Claims Begin and End at Home

American Association for Long Term Care Insurance
February 25, 2017

Women & Finances

Most people don’t really understand what Long Term Care Insurance is really for.

Long Term Care Insurance is not nursing home insurance. It’s nursing home AVOIDANCE insurance. It gives you the option to stay in your home, so you don’t have to go into a nursing home.

70% of people over the age of 65 will need some form of long care.

Check out this short article to see how people really use their long term care insurance benefits to STAY IN THEIR HOME.

Isn’t that what we really want?

For more information on Long Term Care Insurance, check my recent blog post: Long Term Care is a Women’s Issue

Please reach out to me if you have any questions about your options for putting long term care coverage in place.

I firmly believe that no retirement plan is complete without a solid plan to pay for long term care costs.

Got questions? Contact me here. Or call: (831) 238-9097.

 

Take care of your loved ones by updating your beneficiary forms

Updating your beneficiary forms

Updating beneficiary forms is one of those ‘important but not urgent’ personal finance To Do’s. Which means it can get put off until it’s too late. The saddest phone call an advisor will ever receive is that a client passed away. This happened to me recently. One of my dear clients, a former school teacher, […]

Why women need to save like crazy when it comes to retirement

It's okay to take baby steps...

Why WOMEN need to save like crazy when it comes to retirement

  Why do women need to save like crazy when it comes to retirement? In a word, longevity. Women need to save like crazy because they risk living too long. Women need to save like crazy because they risk outliving their money. I recently posted on my social media about the power of setting a […]

Baby Boomer Women Wish They Had Saved More Money for Retirement

Baby Boomer Women Wish They Had Saved More Money for Retirement by Financial Coach Patti Fagan

If you’re a baby boomer woman and you feel like you’re behind in your retirement savings, you are not alone. According to The Allianz Women, Money and Power Study (2007), 62% of women wish they had done more to prepare for their retirement. More than half (55%) wish they had saved more money and had […]

Take charge of your finances with this handy tool

In honor of National Financial Wellness Month

In honor of National Financial Wellness Month

It’s the beginning of the new year. Are you ready to take charge of your finances? January is National Financial Wellness Month and here’s why I care. Even though many women are well educated, have successful careers and are managing their daily household finances (i.e. they make buying decisions and pay the monthly bills), they […]