“In 2011, the first of the baby boomers reached what used to be known as retirement age,” AARP report. “And for the next 18 years, boomers will be turning 65 at a rate of about 8,000 a day… It will likely transform the institutions of aging — just as it has done to other aspects of American life.” —
More than half of them are women.
“The baby boom generation—the roughly 76 million people born between 1946 and 1964—has been reshaping American society for decades,” states the Brookings Institute. “Now that the leading edge of the generation has turned 50, the impending collision between the boomers and the nation's retirement system is naturally catching the eye of policymakers and the boomers themselves.”
Since most are women, many of which are in transition from a marriage or death, many may find themselves on the edge of a historic precipice. FoxBusinessdotcom reports: “Female baby boomers might have helped crack the glass ceiling, broke college student stereotypes and re-crafted the image of working mothers, but new research shows they are grossly unprepared for retirement.”
Jennifer Calandra is a nationally recognized financial expert, having appeared on ABC, NBC, CBS and FOX affiliates from around the country, with featured articles in such publications as Fortune, USA TODAY, Newsweek, The Wall Street Journal, The Huffington Post, DepositAccountdotcom, Little PINK Book, and the Calgary Herald. She works exclusively with women in transition through her W.O.W. aka Women of Wealth educational programs.
“Whether a wealthy woman is a recent widow, divorcee, or single woman trying to make sense of her finances, the options and decisions that must be made to ensure the best financial plan for herself are daunting,” Mrs. Calandra states. “Educating and empowering women is the first order of business. With these tools, a solid financial foundation can be developed that includes working with the right advisers and looking at the right investment options.”
“What that means for women is that it is crucial to find the right financial advisor who understands a woman’s particular needs and works in a fiduciary capacity to advance her best interests given each unique situation. The truth is, most big banks and Wall Street firms let too much slip through the cracks. Calandra Finanical Group and Wealth Management has a high tech, high touch system that is designed to ensure excellent communication and the kind of world-class service that many of these women want and need.”
According to the Transamerica Center for Retirement Studies, close to half of baby boomer women do not have a retirement strategy and more than half expect to work after 65 or simply do not plan to retire. Moreover, a recent Metlife Study projects American women will live an average 8% longer than American men, which means they should plan on having more savings.”
Woman’s Institute for a Secure Retirement reaches the same conclusion: “Retirement planning is important for everyone—but it’s especially important for women. The issues faced by women in particular are compounded by a number of factors, the result of which paints a startling post-retirement picture for millions who have worked their entire lives in one capacity or another.”
Times are changing. Women must adapt. If they do, then it is much more likely that they will be ready when facing retirement.
Jennifer Calandra and her husband Phil are nationally recognized financial experts, having appeared on ABC, NBC, CBS and FOX affiliates from around the country, and been featured in publications such as Fortune, USA TODAY, Newsweek, The Wall Street Journal, The Huffington Post, DepositAccount.com, Little PINK Book, and the Calgary Herald. Calandra Financial Group and Calandra Wealth Management are an independent, award-winning team. They have shared their expertise through their weekly radio show, “Financial Straight Talk,” as well as through their best-selling books. Within the firm, Mrs. Calandra works solely with women in “transition” through her W.O.W (Women of Wealth) educational programs.
Name: Jennifer Calandra
Email: Send Email
Organization: Calandra Financial Group
Phone: 678. 218.5925
Source URL: http://councilofeliteadvisors.com/liftmedia
Release ID: 69181