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Investing should be personal, but there are some things that apply across groups of investors. Women, because of their longer life expectancy and increased health care costs, should tailor their plans to provide for their specific needs, whether they are individual investors or they invest with a partner. We break down five strategies that women investors should be aware of.
Women have a longer life expectancy than men, according to the Social Security Administration.1 This means it’s important for women to match their risk profiles to their individual life expectancy, to minimize the potential problem of running out of money. Because they live longer, women may be able to take more risk at different stages in their journey. There are two ways to do this, depending on where you are in your life and investing journey. First you have to know your life expectancy,... ...
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