Women—plan for financial independence
When it comes to financial independence and estate planning, women face a unique set of challenges. Statistically, a married woman is most likely going to outlive her husband. The average age of a widow is 56 years old. Other women never marry or are divorced, and will be facing retirement as a single individual. In fact, older men are much more likely to be married than older women – 72 percent of men versus 45 percent of women.
You need to know
Whether widowed, divorced, or single, these women have something in common – the need to develop their own financial savvy in order to maintain their independence as they age.
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by: Gina M. Barry