Boomer wife bored by financial matters? Have her read this.
My DW is as smart as they come however she takes about 60 minutes per year to review her financial position and that is usually only when I prompt/cajole/insist action. This article got her to become more proactive in this area, and I thought that it may help any of you folks who find yourself in a simular situation.
Unfortunately, boomer women face unique risk factors that previous generations did not:* they live longer, marriages are less stable than before, many have been single parents (creating additional financial responsibilities for them), and many are solely responsible for the care giving of aging relatives.* Women in general continue to face prevalent financial challenges that men do not, including prevalent earnings disparity (76% of what men make for equal job), sex discrimination and inadequate health insurance coverage.* All of these risks, compounded, have resulted in a large part of our aging population facing a frighteningly difficult retirement.
Part-Owner of Texas
Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx
In dire need of: faster horses, younger woman, older whiskey, more money.