Exclusive Retirement Planning Strategies for Women
It ultimately depends on your unique financial situation, circumstances, and goals
Cherry Hill, NJ (PRWEB) July 21, 2015
Retirement planning is an important step for everyone. However, it can differ for men and women, according to Brent Meyer, experienced wealth planner and dedicated consumer advocate. Over twelve-plus years in the financial services industry, he has seen how women's retirement interests can be under-addressed.
“Unfortunately, many retirement plans don't address women's needs – including what would happen if their spouse passed away. For instance, women often plan for the same period of time as men, even though they're likely to live longer,” explained Meyer. “That's not it, either. Women have different concerns, needs, and goals than men. Their decisions can also be influenced by work, family, and the timing of their partner's retirement.”
“If you're building a retirement plan with your partner, you should plan for the future together. However, you should also account for your retirement years as individuals. That will help you stay financially secure if you're separated,” Meyer elaborated. “A solid retirement plan will account for the remaining years of who's likely to be the longer-living member of the couple.”
Meyer also offered additional tips for helping women achieve a secure retirement. These include the following insights:
- Build a support network of family members, friends, and professional assistants (if appropriate)
- Make decisions about defined employee benefit plan options with your partner
- Consider any important life decisions in terms of how they will affect retirement security (these decisions include starting a new job, leaving current employment, or getting married or divorced)
- Determine all future expenses (healthcare costs, long-term care expenses, living costs) and any risks or potential factors which can increase them
- Exercise caution if you're withdrawing from retirement funds to help a loved one or friend
- Also be careful if you're reallocating monies from retirement savings toward assisting a friend or family member
- Evaluate different investment options which can offer financial security, but also appropriate levels of investment risk
These insights and others can be found at: http://safemoney.com/. On the website, information seekers can find updated, educational content on many pressing financial topics. Areas of coverage include annuities, life insurance, Social Security benefits, cash balance plans, IRAs, estate planning, long-term care insurance, and more. A free, comprehensive guidebook on annuities and retirement planning is also available.
As President and co-founder of Safe Money Resource, Meyer started SafeMoney.com to help investors become educated. “Many financial products are available. But they're not all equal in terms of the value they can offer you. It ultimately depends on your unique financial situation, circumstances, and goals,” said Meyer. “We want you to feel secure about any financial decisions you make about your retirement. Education is the first step towards doing so.”
Safe Money Resource itself represents a small network of independent financial professionals. These individuals are licensed annuity experts. Since they serve as independent agents, they can also offer a wider product selection from multiple insurance carriers. On the whole, Safe Money Resource has relationships with over 40 major insurance companies. It carefully researches, analyzes, and evaluates every financial product before making any recommendation to network members.
On a local level, Safe Money Resource also extends value with “Safe Money Approved” advisors. When someone receives the endorsement of being “Safe Money Approved,” they have been carefully vetted and confirmed to be a capable financial professional with strong ethics, integrity, and financial expertise. Local, professional help can be located by visiting: http://safemoney.com/local-advice/find-an-advisor.
“If you have any questions, don't hesitate to contact us at 877.GROW.SAFE. It's our goal to assist you however we can,” Meyer commented. “Our team is ready to help you with your needs."