
Most people dream of living a life of enjoyment once they retire - exciting travel, spoiling the grandchildren, leisurely lunches and maybe a golf and tennis club membership. The reality is that many of us are going to be left disappointed and will find ourselves scraping by to make ends meet. The problem is we're living longer and saving less. This issue is strikingly evident for women. According to the Administration on Aging, 12 percent of women over 65 are living in poverty, compared with only 7 percent of men. For divorced and widowed women, the poverty rate is higher, at 21 and 15 percent, respectively. More than 70% of all elderly persons with incomes below the poverty level are women.
The good news is that more attention is being paid to the issue and more companies are providing educational opportunities and tools to help women understand long term financial issues and empower their decisions.
We want to help. This weekend on Family Matters Radio we'll launch a weekly series called "Your Worth" brought to you by Genworth Financial. Each week on our radio program you can listen to our conversation with financial experts from around the country about everything from maintaining your health and wellness to understanding the importance of retirement planning and how to prosper in 2008. If you miss it or live outside the broadcast area, no worries, you can listen online on the Family Matters homepage. So tune in and share the news with your mother, your sister, your aunt and your best friend. It may be the most important investment you'll ever make.


