Manage your money like a woman
Women typically earn less yet live longer than men, which suggests they need a different financial plan. Here are 13 strategies to ensure a comfortable retirement
Assets: Cover your care
More than 70% of nursing home residents are women. Yet only 14% have a long-term-care plan. Yes, the policies are expensive (average: $2,200 a year if you're in your late fifties). But you can keep the cost manageable by buying before age 61, when premiums rise sharply. Be sure to spring for inflation protection, advises financial planner Peg Downey in Silver Spring, Md. Long-term-care costs are expected to spiral.
NEXT: Retirement: Time it right
Last updated November 05 2010: 11:13 AM ET
