Women face greater financial long-term risks than men due to several factors. These factors include having a longer lifespan, needing to pay for medical expenses, loss of spouse, and gender pay gap. Senior Wealth Advisor Sandy Higgins highlighted: “There are varied reasons for this gap, but what holds true are the statistics and cumulative impact of this on retirement savings.” While the difference between the wages of men and women do not seem large to many, the results can be
Starting a family requires careful planning. With a clear idea of what it entails and the schemes available to help ease new parents’ financial load, you will be able to embrace one of life’s greatest blessings. As you allocate your budget, you must consider both your childcare expenses and your retirement fund. Prioritizing these two is easier said than done. A 2021 study by AIA Singapore revealed that young families in Singapore have deprioritized planning for their retirement to give
There’s emerging proof retirement doesn’t just mean a few more years of tennis, fishing, and overseas trips. Choosing when to retire is a complicated choice that isn’t only based on financial considerations. Your overall wellness, family duties, and personal goals all play a role or should play a large part. The most crucial question is whether you’ve considered what you want to accomplish with your senior years, no matter how long they may be. Whatever your answer may be, here’s
Investing is the act of allocating your money in the hopes that you will achieve a profit in the future. The money generated from your investments can provide income and fulfillment of long-term financial security. Now is the ideal time to start investing! Allow me to convince you with these “6 Essential Reasons Why You Should Learn To Invest”. #1: WORK SMARTER, NOT HARDER Many people do not think about investments until they are well into their 20s or 30s.
The magical story of a young wizard named Harry Potter has captured the hearts of fans of all ages and with a good reason. In fact, I am wearing my Hufflepuff shirt while I am writing this. Despite being in a fictional world, the Harry Potter characters’ financial problems cannot be solved with a wave of a wand. They also have to struggle with the challenges of saving, spending, and growing money throughout the series. Here are just some of