Life expectancy is increasing, and more people are living to age 100. People typically spend 20 to 30 years in retirement, sometimes longer, and so retirement funds need to stretch further than ever before.
With odds stacked against them, women are likely to be worse off in retirement than men. Women are far less likely to seek financial advice for several reasons including a lack of confidence, because they do not think they are wealthy enough, or because they find the idea of seeking advice a daunting and intimidating experience. The stark reality is that many women will unfortunately outlive their retirement savings.
Why are women at a disadvantage in retirement?
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Have you thought about your kid’s inheritance? £2.8 trillion pounds needs to move from one generation to the next. It’s a challenge we’ve never had to deal with before, with more people turning 65 every year for the next decade than ever before. Thinking about retirement, legacy, leaving money to your children is something you […]
At a glance Some women lack confidence when it comes to money and this can have a big impact on their wellbeing, preventing financial independence and hindering their ability to plan for the future. This lack of confidence can be due to their upbringing and emotional connections to money. To regain a sense of financial […]
Look to invest birthday money from family & friends into a Junior ISA Speak to your children about the value of money Consider starting a pension for your child and benefit from tax savings Take out income protection to cover child care costs if you have an accident or injury To continue viewing… Get FREE, […]