witliake BAAD) eon t target Tes, ‘sale bext ese is nd \nducted af MND apf) er on v1 wr 3 avengm ade amch bctitiay nos in hosoll me, anc na st eral” ae ws an etek weil wt SL ace on ! inte Mies wale Wedpest Mw ihigf “Hoo ayy e Ms, apped 0h, ar wom Cra & salebg named wa & wher a6 Mi aewrnt se e a e suctl apy Le is one 1s Tal ‘atid! + WomenLikely To Run Out Of Money During Retirement (NAPSA)—Womenare taking an increasingly hands-on role in eir planning for retirement. A smart move, considering womenare sta- tistically likely to spend someofeir final years alone. While generally optimistic about e future, women have morefinancial fears an men about retirement, but can takesignificant retirement-planning steps on eir own. National statistics show: The average American woman lives to be 79.5 years old, 5.4 years longer an men (National Center for Heal Statistics, 2001). Almost 90 percent of women will end up managing eir finances alone (U.S. Department of Labor, 2001). Among women age 85 and older, 33 percent meet e standard of “poor” or “near-poor” (National Vital Statistics Reports, 2000). Also, women are morelikely to leave e workforce to care for children or parents, leaving em wi a smaller pension. And, because planning for retirement is principally handled by men, it’s easy for women to underestimate how much ey really need to save. For ese reasons and more, women need to take control of eir retirement preparation. Dea and divorce are as much financial events as emo- tional ones, but women are more likely to suffer significant financial pain. According to Allstate’s 2006 Retirement Reality Check survey, 40 percent of women said divorce or losing a partner affected eir financial preparations for retirement substantially —25 percent of men expressed e same sentiment. Two key considerations when planning for a lasting and enjoyable retirement include: Women are taking a hands-on role in planning for retirement. Making sure your spouse/partner has a will. Creating a will can provide peace of mind by affording e widow a smooer financial transition for retirement. Having a serious discussion. In reality, at’s what’s required, not just a simple conversation. According to Allstate’s survey, among Americans at expect a “financially difficult” retirement, more an half believe at having a “simple conversation” will motivate eir partner to take action. Some conversation starters for serious discussion include: What do we want to do in retirement? How much will is lifestyle cost annually? Are we willing to work longer, or willing to have a reduced lifestyle? What is our long-term financial goal, and are we on track to achieveit? An open, in-dep discussion will help make sure retirement planningis on a realistic track. For more information about retirement preparedness, visit www.allstate.com.
