Photo of Eric R. Ebbert, CFP®, MBA, CEO Eric R. Ebbert, CFP®, MBA, CEO Dec 03, 2021

Do you know exactly how long you will live? No one knows the answer to this question, and because of that fact, planning for retirement can be a challenge. Planning for the financial future as a woman holds many challenges, the main challenge being that more than 75% of all caregivers are women, spending 50% more time providing care than men. 

In many cases, this means women are not in the workforce, earning money and investing it. Financial planning can help women overcome some of these challenges and prepare for retirement. Here are three reasons financial planning is important for women who are considering retirement:

1. To understand your financial situation —Working with a financial planner can help give you a holistic view of your finances — from what you own to what you owe. Financial planning can help women take control of their finances to one day retire. 

2. To create a plan for the future —Since we don’t know how long we will live, experts recommend planning to live until you are 100 years old. That means you need to make your money last that long. Financial planning can help you set realistic goals to help you retire one day.

3. To put your money to work —Women who work with a financial planner may find that they are more confident in their investing strategy. It is important to work with your financial planner to make sure you have enough liquid assets, while still investing toward your retirement.

Talk to a ProVise CFP® professional about how to prepare for retirement as a woman

At ProVise Management Group, our CERTIFIED FINANCIAL PLANNER™ professionals can get to know you and your current financial circumstances, goals, risk tolerance and personal values to help you develop a plan that works for you. We can also create a written plan for you at a fiduciary standard of care. All our written plans come with an unconditional money-back guarantee. If you are unhappy with your written plan, you can return it to us, and we will refund 100% of the fee paid.

Are you ready to talk to a professional about how to prepare for retirement as a woman? Contact ProVise today to schedule a complimentary consultation.