The 2010 U.S. Census shows 80% of the people that reach centenarian status, age 100, are women.
Because women have longer life expectancies they have greater financial challenges:
Women will need to stretch their retirement dollars further.
Women are more likely to need some type of long-term care, and may have to face some of their health-care needs alone.
Married women are likely to outlive their husbands, which means they could have ultimate responsibility for disposition of the marital estate.
Women generally earn less and have fewer savings.
According to the Bureau of Labor Statistics, within most occupational categories, women who work full-time, year-round, earn only 81% (on average) of what men earn. This wage gap can significantly impact women's overall savings, Social Security retirement benefits, and pensions.
We'll be offering a couple of workshops in late January called "Wine, Women, and Wealth" targeting women and their specific concerns. The dates are Tuesday January 28th and Thursday January 30th. Please keep those dates open and we'll have more details on these workshops in weeks to come.
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