Charlotte, NC (PRWEB) March 03, 2014
Hobart Financial Group, a firm specializing in North Carolina retirement planning, discusses seven tips for women to secure a better retirement.
According to a February 7th article posted by Fox Business titled “7 Tips for Women to Have a More Secure Retirement,” no one feels completely secure when saving for their retirement, especially women. The article says women live longer, and often need more resources because they enter and leave the workforce due to pregnancy and children. They are less likely to have a pension. While women do not have to plan for their retirement differently than men, the article says they must be ready to work harder for it.
Only about 38 percent of women feel their retirement plan is secure, the article says. That number is significantly lower when compared to men (46 percent.) The article also says women typically feel less comfortable than men when planning for their retirement alone.
While women will have a few more obstacles than men, the article suggests using these seven tips to help plan for retirement:
1. Consult a trusted advisor
2. Recognize the battle is unique
3. Approach savings like a job
4. Take an active role
5. Do not fear risk
6. Consider re-entering the workforce
7. Create the right Social Security Plan
Chris Hobart, CEO of Hobart Financial Group, a leading North Carolina retirement planning firm, says just like men, women have every opportunity to plan a secure retirement. “There might be a few more challenges, but with the right advisor, a comfortable retirement is certainly feasible,” he says. “Having a reliable advisor you can trust is the best way to plan for your retirement. The advisor needs to understand the specific challenges women face, such as a longer life and the need for more resources.”
Hobart also says women need to take a more active role in their retirement planning. “Many women leave the retirement planning solely up to the husband, but that should not be the case. You need to understand the situation. Even if you are married, you should be the one in charge of your finances and your future.”
Hobart Financial Group is an independent financial advisory firm dedicated to personalizing service with uncompromising integrity. Its focus on comprehensive, tax-advantaged plans help to provide sound preservation of capital, growing income and increased returns with reduced risk. Chris Hobart, founder of Hobart Financial Group, understands that true wealth means being able to share your life with the people you love, free from financial anxiety. Hobart Financial helps Carolinas’ retirees preserve and protect their wealth with comprehensive financial retirement planning and wealth management.