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Retirement Strategies for Women in 2018.

There are more women in the workplace than ever before, and many are in charge of their household financial management. Retirement Strategies for Women in 2018 With longer lifespan expectancies and lower average lifetime earnings than men, women often face a significant retirement funding gap.

Financial advisors are increasingly seeing the concept of women in control of household finances as the norm. The common factor both young professional women and retirees is that both groups want to plan better and know they can, with access to a competent financial advisor.

A comfortably mixed portfolio consisting of liquid assets, annuities, mutual funds for growth and a life insurance policy including a long-term care plan, women are advised to set a goal of paying off their mortgage before retirement and contributing just enough to their 401(k) to capture their employer match. Excess funds should then be redirected to reduce the balance of their mortgage.

To gain a sense of security, women are advised to work with their financial planner to create a "life-plan." The plan shows them where their money comes in and how long it will last. A good adviser will discuss viable alternatives like working past retirement age, slightly delaying Social Security benefits, downsizing to a smaller home or considering a reverse mortgage.

Through effective coaching, financial planners are transforming how the financial services industry treats women. If you need financial advice, contact the expert financial consultants at West Financial Group. We will help you reach your financial goals. 

Make the REST of your life
the BEST of your life.

For more than 14 years our mission at West Financial Group has been to guide our valued clients to financial security. We strive to address all of your concerns, ensure you understand the products we recommend and take pride in knowing you’re comfortable with the direction and strategy we provide you.

Our goal is to provide a “WOW” experience at every client interaction! We want every meeting, phone call and event to be an interaction worth talking about. We want our clients to be able to say, “WOW, what an experience! I can't wait to tell my friends about our financial professional.”

Whether it’s financial, retirement, legacy planning or optimizing your future wealth, our approach includes understanding your unique situation, exploring your goals and discovering the best way to make the REST of your life, the BEST of your life. By getting to know you and your family, we serve as financial guides who keep your best interests in mind throughout the entire process.

Skip West | Financial Planner | West Financial Group

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