Growing Old And Retiring – A Woman’s Plight.
March 13, 2013
By Rick Law, Estate Planner and Attorney in Chicagoland.
You may have heard this statistic before, and it has remained relatively accurate through the years…
Women will outlive their spouses by an average of five to seven years.
Women are at a greater risk than they realize of not having enough money after their husbands have died!
A woman often does not have enough money to maintain the standard of living that she enjoyed with her spouse, due to a number of common factors:
- Loss of one Social Security check;
- The loss of some or all of her spouse’s pension income; and
- The loss of savings that were spent on the husband’s healthcare and final expenses.
Women need to be worried about their future life after their spouses have died.
They need to take action and initiate efforts to see trustworthy advisors who can analyze what steps to take to protect themselves after their husbands are gone.
Too many families needlessly lose everything they have. Don’t let that be you. If you need help paying the overwhelming cost of long term care, give our office a call at 800-310-3100. Your first consultation is absolutely free. We’ll let you know what steps you need to take, right now, to protect yourself and your family. Call now, because when you’re out of money, you’re out of options!
Rick L. Law, Attorney, Estate Planner for Retirees.
Rick was named the #1 Illinois elder law estate planning attorney by Leading Lawyer Magazine. He has been quoted in the Wall Street Journal, AARP Magazine, TheStreet.com, and numerous newspapers and articles. Rick is the lead attorney for Law Elder Law, LLP, focusing in Estate Planning, Guardianship, and Nursing Home Solutions. His goal is to give retirees an informed edge when it comes to dealing with an uncertain future. Get flexible retirement strategies that work during good times and bad, plus information on how you can save your home and assets from being used to pay for long term care. Appointments available in Chicago, Aurora, Oak Brook, Schaumburg, and Joliet. Call 800-310-3100 for your free consultation now!