Women’s Top 3 Worries for Retirement
A recent survey by Lake Research Partners show the top 3 worries women have for their future are:
- The ability to pay for gas (87%)
- The ability to afford good health care (73%)
- Concern Social Security won’t be available for them (68%)
As we all know "worrying" doesn’t solve anything, but taking action certainly can. What might some alternatives be for the issues raised above?
To combat gas prices -
- Carpool or take public transportation
- Consolidate errands
- Walk or bicycle when possible ( may see health improvements too)
- Start a business from home and eliminate the cost of commuting
To afford good health care -
- First and foremost is to stay as healthy as possible (for a number of reasons of course) but it does help when applying for health insurance to NOT NEED it at that point in time
- Shop around, look at different deductibles within company plans
- Get insurance based on your needs. Example - You may not need a policy that includes maternity, but may be interested in one that covers some long term care
- If you’re with a company, group plans are usually less expensive - although premiums continue to rise. Ask if there is a stepped plan you can participate in
- During your retirement planning be sure to allocate funds for insurance costs
Concerns about Social Security -
- It’s never to late to start planning as though it won’t be there
- Take advantage of 401k plans, IRA’s, ROTH IRA’s, etc. and deposit as much as possible each year. (Do not invest 100% of your account into your company stock- diversify)
- Educate yourself about alternative asset portfolios and how you can use self directed IRA’s to invest in things such as real estate (although down now - potentially a great time to invest - diversify)
- Start a business from home and take advantage of the MANY tax savings you could qualify for - this alone could begin funding your IRA
- Whatever you do - TAKE ACTION. Compound interest in King!
Please comment about what your concerns are for the future, and what steps are you taking to minimize the stress? 
Until next time, J.
"Take control of your destiny or someone else will"
Tags: asset portfolios, assets, business, business from home, businesses, carpool, company group, company stock, deductibles, destiny, gas prices, good health, greatness, group plans, health improvements, health insurance, insurance costs, investments, longing, participation, point in time, public transportation, research partners, Retirement, retirement planning, roth ira, s roth, self directed ira, surveys, time shop, worries
July 22 2008 10:32 am | Carbon Copy Pro and Home Business Ideas and Retirement
