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Singles, Divorced, Women and Retirement Planning
 
Singles and Women today are especially vulnerable to the exposures of long term care and secure income for retirement years. The reasons are obvious from the statistics in the chart below. Certainly the sooner you start planning, the better even in mature years. There are retirement planning strategies that are conservative and safer, and others that are risky and more aggressive. 
 
It is not usually recommended that anyone over 60 invest aggressively with risky funds.
Shop for life insurance products that also provide long term care coverage. There are many ways to make your money work better for you when it comes to insurance dollars.
  
 
Women 
Men 
Earnings History 
$.59 
$1.00 
Earnings Now 
$.72 
$1.00 
S.S. Benefits 
$.63 
$1.00 
Savings 
1.5% 
3.1% 
Retirement Plans 
13% 
33% 
Retirement Benefits 
$3,900 Yr. 
$7,500 Yr. 
Life Span 
10 to 15 Years Longer 
 

 
Net worth of Seniors 51-61 Surveyed according to USA Today 2/19/96
If a family member of any of these groups had 1 person go to a nursing home at the cost of $45,000 a year
 they could be wiped out in:
 
 
Whites 
$263,000 
5.8 years 
Hispanic 
$ 79,658 
1.7 years 
Blacks 
$71,587 
1.59 years 

USA Today Report

   
A Better Choice Foundation
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protect and improve our quality of life

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Last modified: August 04, 2000