Women and Retirement

Back to Basics



Michael Jordan, perhaps the greatest basketball player who ever lived, once said:

“Winners don’t just learn the fundamentals, they master them. You have to monitor your fundamentals constantly, because the only thing that changes will be your attention to them.”

I’m retired. Now what?

“I’m retired. Now what?

Provided by Clayton Shum

It’s easy to forget that retirement can bring about a significant change in your life. Many of the activities you spent time on will be left behind. Many of the people you spent time with will still be working. Many of the problems and challenges you stressed over will be traded in for a whole new set of problems and challenges.

That’s why it’s not uncommon to hear people say, “I’m retired. Now what?”

When it comes to retirement planning, it’s important to spend a good deal of time on financial issues. How to secure income once you’ve stopped working. How and when to take Social Security. Investing, taxes, estate planning—all these issues deserve your attention. But retirement planning is about more than just finances. It’s about quality of life, too.

How Women Are Planning Their Financial Futures

Provided by Eddy H. Shum, CFP®, PFS, MBA, CLU, RFC®

Women are taking action to approach retirement with greater confidence. Some recent, intriguing survey data indicates that women are planning their financial futures with some degree of pragmatism, but also with considerable motivation.

One of the key motivations, it seems, is receiving financial advice.

Do Women Have Unique Retirement Needs?

Do Women Have Unique Retirement Needs?
Questions women must ask about their retirement.

According to the Department of Labor, on average, a female retiring at age 65 can expect to live another 20 years, 3 years longer than a man retiring at the same age.1 Planning and saving for retirement should be considered early and specific to your situation.

Statistics tell us that women have unique retirement needs. Whether you are 20 years old or 70 years old, the fact remains that time will continue to lapse. And while there is certainly room in a person’s physical life for rest and relaxation, there is simply no room for complacency in a women’s financial life.

Naturally, I wouldn’t have introduced such an important topic without offering an equally powerful solution— education! That’s right; like many aspects of our daily lives, long-term financial protection begins with education. And that’s exactly where I can help. Therefore, I have enclosed Eight Important Questions Women Must Ask About Retirement from the U.S. Department of Labor.

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