Your Money Matters: Financial advice for professional women

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

Kathy Roser

Financial Advice for Professional Women

Anticipate that you are likely to live a long life and plan accordingly. According to US Census Bureau statistics, a woman who reached the age of 50 today without serious health problems can anticipate celebrating her 82nd birthday. By 2015, life expectancy of all women in the United States will reach an estimated 81.4 years, on average, compared with men’s life expectancy of 76.4 years. In addition, the average age of widowhood in the US is 59 years old.

Plan ahead to make sure you don’t leave any more than necessary to Uncle Sam. If you expect to leave something to your heirs, establish an appropriate estate plan. Without proper planning, taxes on retirement plan distributions could reduce your estate substantially.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Notice: you are using an outdated browser. Microsoft does not recommend using IE as your default browser. Some features on this website, like video and images, might not work properly. For the best experience, please upgrade your browser.