Women and money (Financial Safari)
Women outlive men by an average of 7 years. Here's how to plan for longevity of income in retirement.
Hello again, everyone. Chuck Kate in here, along with America's wealth coach. He is coach Pete D. Arruda, and we're going to talk a little bit about women and money because, unfortunately, there some situations where if you lose a spouse, if your husband ladies out there has been running the financial world for you and you don't know what is going on, you gotta educate yourself. And Coach Pete has a way to do it. If you're in a divorce situation and you're now on your own financially, these air just a couple of opportunities and you know whether we want them or not. And both of those or something we don't want. We don't want divorce. We don't want your spouse, your your husband. Ah, significant other passing away. You have to educate yourself. It's gonna happen everybody. So let's make sure that we prepared not surprised when it does happen and you see it's a pretty purple color. This is just the workbook inside our box set. It's a box set, DVD workbook, guidebooks and worksheets, all designed to help you customize your own plan. And this there's so many good topics we could talk about was gonna touch on a couple of right now because there are a lot of challenges women have to face when they have to maintain and take care of our own retirement. Financial planning? Yeah, well, investment rule number one in this workbook is planned for longevity. If you're a woman and you're watching, you're gonna outlive me and Chuck, that's what about about seven years. Historically, women outlive men and a lot of men Mary women that are younger than them. So not only that, you're already gonna pass away seven years too soon, just kind of doubling. So you really need to plan for your money lasting at least 20 years longer than your spouse's. Really? Really. I like to design plans to go to H 1 21 and beyond. We call it retirement beyond. If you do the right plan, folks, I know it's it's not fun when someone passed away or someone becomes a divorce. A. But if you plan right, it takes a lot of the warrior way that that would normally be there. It's it's It's a bad time of life anyway, when something bad happened. Absolutely. But you don't need all the cards stacked up against you. You need to be piling cards in your favor. And so number two is budget for health care expenses. Because if you're a woman, you're probably going to be the care giver when Mr becomes a little bit broken right, instead of going to the nursing home, you may be trying to take care of him her or, if he goes to the nursing home, the retirement that you thought you were gonna have, maybe get drained down to pay for the nursing home experience. So we need to plan for that. And we do have plans that can combat that and also take care of that so you don't have to worry about it without having to buy traditional long term care insurance. By the way, traditional long term current long term care insurance I've never been a believer in I've been licensed to offer it for years, Chuck. But there's better ways. For instance, you want for instance, Joe, Absolutely. I'd like, for instance, because it's so versatile today all of these specialized life insurance policies that will let you take some of the death benefit out while you're still here to pay for the long term care expenses. A chuck. If that's not good enough, it comes out tax free. So, let's say of a $1,000,000 life insurance policy, and you have a specialized life insurance contract. Not everyone has that. And if you don't have it in there, you need a life insurance policy audit because a lot of these policies charge no more than your current policy. But, they add, this is a benefit. It's called having benefit. It benefits you while you're alive. I talk about this on the show, Chuck. People can't believe it until they see it. And these Air a plus rated companies that offer this is gigantic insurance companies. So if you have an older policy, if you're not sure or if you just told a policy that doesn't have this in there, it may be time to review it. And folks, here's one thing. Never cancel your current life insurance contract until you get the new one in your hand. Approved, unfortunately, heard core stories in the past where people thought they were getting a better policy before they got the policy, they passed away. They had already cancelled their old policy and maybe they were going to get the new part. Who knows what's gonna happen to be very careful on then we need to protect against volatility. That's another one that steps we talk about here. Many of you watching have tied your retirement gains or your retirement hopes to the ups of the market. You know what happens with Murphy's law? Chuck is the day before retirement. The market doesn't go up, man. In fact, it goes way down. Cannot have our retirement money all tied to the market. It's great to see that potential horsepower the mortgage. It sticks when the market goes the other way, and we have ways. We designed the total retirement Plan, where you have growth. Your money grows when you don't need it. It protects your money from the downward trends in the market. It isolates your money from financial termites, risk fees, commissions, and then it gives you a lifetime income that you decide when you start taking it. That can never go away, and it's not tied to the stock market. How much peace of mind you think that gets them. It's tremendous peace of mind, and you could find out all about it by visiting the Coach Pete team. Now what I would recommend is you give a call right now. Let's get this box set in your hands again. DVD workbook, guidebook worksheets. But then the Golden Ticket $1000 value to have your very own customized plan done for you and your spouse or you separately, every want to do it to take that wory out of living every time before to see you.