Become Purse Strings Approved Subscribe to the Mailing List

Retirement

01

Getting Started

02

Why You Need to Act Now

03

Helpful Terms & Tools

04

What to Consider

05

Social Security & References

Why You Need to Act Now!

Did you know, because of longer life expectancies, women tend to spend their final years alone due to widowhood or divorce. Some may never marry. A woman’s retirement could last 30 years or more, often relying on a single income.

Set the Stage

  • Be clear about what you do and don’t know. i.e. taxes, investing, estate planning?
  • Set up your team of resources. Use Purse Strings to chat with a financial planner (link) who might meet your needs. Perhaps you could use an accountant or attorney.
  • Even if you made mistakes in the past (emotional investing, lack of diversification, putting all your money in a savings account) no worries. Start now and get back on track!
  • Prepare for the unexpected. Make sure all of your financial papers are in one file that is easy to access. (I use a travel file with a handle from Target and a few file folders – easy!)
  • Ask your questions using Purse Strings ask an expert feature (link)
  • Have conversations with your partner or spouse that describe what retirement looks like for the both of you. Be sure you are planning together.

This Guide

01

Retirement Part 1 - Getting Started

02

Retirement Part 2 - Why You Need to Act Now

03

Retirement Part 3 - Helpful Terms & Tools

04

Retirement Part 4 - What to Consider

05

Retirement Part 5 - Social Security & References

Sign up for our #FinanciallyFearless Newsletter