Episode 24: "Retirement Planning for Women"

When it comes to financial planning, retirement planning for women is especially important. While women are more educated and have more financial resources than ever before, they also have a unique set of challenges that make saving for retirement more difficult. In today’s show, Tom and Kirstin discuss some of these unique challenges and the different steps women can take to overcome them. They’ll also dive into the question, “Can I retire comfortably with $500,000 in retirement savings” and share 7 tips that will help make that possible. Jump to a segment using the 𝘁𝗶𝗺𝗲𝘀𝘁𝗮𝗺𝗽𝘀 𝗯𝗲𝗹𝗼𝘄! 👇 TIMESTAMPS 0:00 Retirement Planning for Women 05:58 Why women retire earlier than expected. 07:56 Steps women can take as they near retirement. 15:40 The importance of having a plan. 18:40 Women’s financial success is growing. 22:10 Can you retire comfortably? 23:13 7 Tips to retire comfortably with $500,000 28:33 #1 No Winging it. 29:52 #2 Develop a formal strategy. 32:20 #3 Consider delaying Social Security. 33:35 #4 Learn about Medicare. 35:22 #5 Pay off debt. 35:40: #6 & #7 Keep working, even part-time and be opportunistic. 38:12 Listener Question: I’m 65, no savings, just social security, what can I do? 43:19 Listener Question: We have 2.1 million in the stock market, will it last? 47:05 Listener Question: I have a will and power of attorney. Do I need a trust? Have specific questions for Tom and the team at Mosley Wealth Management? Contact us here 👇 https://mosleywealthmanagement.com/contact/ =========================================== If you enjoy this content, please 𝐒𝐔𝐁𝐒𝐂𝐑𝐈𝐁𝐄! https://www.youtube.com/channel/UCPMvD3G1cZA1Kz4CKnwynhA?sub_confirmation=1 =========================================== ⭐ 𝐂𝐎𝐍𝐍𝐄𝐂𝐓 𝐖𝐈𝐓𝐇 𝐔𝐒 𝐎𝐍 𝐒𝐎𝐂𝐈𝐀𝐋 𝐌𝐄𝐃𝐈𝐀⭐ - Facebook: https://www.facebook.com/mosleyeaseintoretirement - Instagram: https://www.instagram.com/easeintoretirement/ - LinkedIn: https://www.linkedin.com/company/mosley-wealth-management Learn the key components you need to include in your retirement plan, Check this video out: https://youtu.be/QkJzvbZ_gDs #RetirementPlanningForWomen #RetirementIncome #Retiringwith500K #RetirementPlanning #RetirementStrategy #FinancialEducation #FinancialLiteracy #HowToRetireEarly #RetirementPlanningAt50 #RetirementPlanningAt60 #HowMuchDoINeedToRetire #HowToRetireEarly #RetirementPlanningTips #FinancialAdvisor #SocialSecurity DISCLOSURE: Investment advisory services offered by duly registered individuals through Mosley Wealth Management, Inc. (“MWM”). MWM and Mosley Insurance and Financial Services are affiliated companies by common ownership. License # 0K76766 Investing involves risk, including the potential loss of principal. Any references to protection, safety, or lifetime income, generally referred to fixed insurance products, never securities or investments. Insurance guarantees are backed by the financial strength claims paying abilities of the issuing carrier. This content is intended for informational & educational purposes only. It is not intended to be used as the sole basis for financial decisions nor should it be construed as advice designed to meet the particular needs of an individual situation. All hypothetical examples are provided for illustrative purposes only; they do not represent real life scenarios. Mosley Insurance & Financial Services nor its agents or representatives may not give tax or legal advice. Individuals should consult with a qualified professional for guidance before making any investment decisions. Our firm is not affiliated with or endorsed by the US government or any governmental agency. Some of the information provided may be from one or more third parties which we believe to be reliable sources, but accuracy and completeness cannot be guaranteed by Mosley Insurance & Financial Services. For more information, visit: www.mosleywealthmanagement.com