Retirement planning for women

Sara Gibbs gives tips to help women plan for their retirement.

By: Sara Gibbs
Date: 08/20/2007
Retirement is a time of transition not only socially and emotionally, but financially as well. Here are a few suggestions to help women investors with planning for their retirement.

Take an Inventory

Every woman needs to know her net worth. By assessing all your assets and subtracting all your debt, you’ll help create realistic financial objectives. With your inventory known, you can plan an investment strategy to help enhance your golden years.

Properly Diversify

Finding a comfortable balance of investments for your portfolio during retirement can help you meet your financial needs and possibly reduce the impact of market volatility. You should plan for a retirement of 20 to 30 years, depending on your age and health.

Distributions from Retirement Plans

In most cases, a retiree can elect to receive a lump-sum payout, roll the amount over into an IRA, or receive the money via periodic payments over a specified period of time. Before you decide, consider factors like your age, health, other resources, your tax situation and what to do with retirement assets.

Estate Planning

A well-conceived estate plan is essential to help ensure that your wealth is passed along as you intend.

To learn more about managing your assets for retirement, contact Prospera Financial Service’s Sara Gibbs at 330-869-8169.

^{Securities are offered through Prospera Financial Services, Inc. Member NASD SIPC. 5000 LBJ Freeway, Suite 400, Dallas, TX 75240. All views expressed in this article reflect the personal views of the writer and are not necessarily those of Prospera Financial Services, Inc., its directors, parent company, or its affiliates. Additional information is available upon request.}

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