For many couples, the idea of living longer than a spouse can be challenging to think about, but it is often the case that one partner will live longer than another, at least for some small amount of time. For women, it may be important for you to know that women outlive men often times. On average, women outlive men by about five years, which means that you may have five years of expenses, or more, once your partner passes. In order to prepare for this possibility now, it’s important to focus on your retirement plan, investments strategies, and possible extended care investments so that you have your finances in order long before you need to think about how you’ll use them. At Dunncreek Advisors, our St. Paul, MN financial advisors want to help you plan for your retirement, and we’ll help you create a retirement investment strategy that considers the trend of women living longer than men.Read Full Article
Archives for March 2017
Investing for Retirement
While many people in St. Paul, MN, don’t necessarily enjoy getting old, the thought of retirement is sure to put a smile on the face of a lot of individuals. Some people in this country may choose to never retire, but for many of us, it is definitely a goal. Retiring from your place of work is not difficult, however ensuring that you and your family are financially stable at retirement is where the stress occurs. The big question around retirement is where will the money you live off of come from? Chances are that you won’t be winning the lottery soon, so taking the steps now to ensure a stress free retirement is your best bet. At Dunncreek Advisors, we feel that one great way to prepare for retirement is through investing.Read Full Article