Our daily roundup of retirement news your clients may be thinking about.
Many women will be single in retirement. Are you ready? Data show that many women are likely to be single at some point in retirement, so female clients should account for this possibility when planning for their golden years, according to this article on Yahoo Finance. They are advised to double check their beneficiary information and update legal documents regularly, go with their spouses to meet their financial planners, and create a plan for long-term care. They should also take advantage of Social Security spousal benefits, create sources of guaranteed retirement income, and plan for a longer retirement.
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