As many women in our community know, living on Social Security alone is no picnic. You have to keep a roof over your head, food on the table and clothes on your back. But, as necessary as they are, these aren’t the costs that most of us should fear as we get a little older.
The Tax Cuts and Jobs Act was approved and is now the new law of the land.
While the majority of the media has covered the proposals for the changes as being a boon for the wealthy, they have missed discussing how the new tax laws affect most retirees.
Transitioning to retirement isn’t a simple process. Let’s talk about a few of the things that you can do to make this time of your life easier.
Boomers are bombarded daily with advertising messages that attempt to influence us. Recognizing some of their tactics can make us less susceptible.
Although both men and women have access to the same retirement savings accounts, recent research has found that women are far less financially prepared to retire in comparison to their male counterparts. This isn’t only due to obvious reasons, such as the gender pay gap. Everyday reasons matter as well when it comes to saving enough for retirement.
In our parents’ days, people simply left the job they had held most of their lives and moved onto permanent vacation when they retired. But then, most of them never lived the additional 25 to 30 years anticipated for many of us boomers.
Many people say, “I’ll travel when I’m retired, then I’ll have the time and money to truly seek adventure.” The harsh reality though, is that a little over 3 million Americans are concerned that they will not have enough saved income to afford to retire in the United States, much less travel.
When I arrived at the gym, the electricity had been off for three hours. The treadmills were idle, and only people-powered-machines were raising heart rates.
So, you’ve said your farewells, rented out your apartment, packed your bags and landed in your new home. A new life is about to open before you.
Before I get to today’s video, I have a quick favor to ask. Would you mind taking a few seconds to leave a review for Sixty and Me on Facebook? Please click here to leave a review. On the page, you will see a place to select the number of stars that you think we deserve and a place to leave comments.
It only takes a few seconds and it would mean the world to me to know what you think of our community. Thanks so much! Ok, now on to today’s topic…
When it comes to retirement planning, women our age face some unique challenges. First, statistically speaking, we will likely live longer than our male counterparts. Second, while not universally true, we may not have had the opportunity to earn as much as we deserved during our careers. The good news is that there are plenty of things that we can do to plan for the years ahead… even if we have already reached retirement age. Today, I’d like to share 7 retirement tips just for women like us. Come join us for a cup of tea (or coffee) and a chat. And, if you enjoy the show, please tell one friend about us today. Your support means so much to me!