Women & Financial Security - KLTV.com - Tyler, Longview, Jacksonville |ETX News

10/13/04-Tyler

Women & Financial Security

They're in charge of their families, in control of their careers and often manage their family's day to day finances. But when it comes to planing for their financial futures many women admit they don't think about it or leave it to the men in their life.

"No, I don't think about it," says one woman.

"My husband takes care of it. He puts it in a retirement plan," says another East Texas woman.

"When my sister who is a stock broker tells me I need to think about it I do, but other than that, no," says another.

But with the national divorce rate at 49 percent, and with stats from the center for disease control showing women generally outlive men, women need to assume more control over their financial destiny.

"If your husband has been managing your financial future, take action on your behalf now. Begin to learn where you are investing, where your plans are, participate with him in the planning, include yourself in the meetings that you may have with a financial professional," says Marie Gary.

Women still in the workforce have even more options. Start with increasing your monthly contributions to your 401. Stay-at-home moms can open tax deferred spousal IRA's and roth IRA's. They are variable annuities that don't require earned income and allow unlimited after-tax contributions. Experts also say women should get their own life insurance policies.

"You're the owner of the policy. Therefore if anything happens in the future, a divorce, unexpected death, a change in your life circumstance, you still have ownership of your own policy," says Gary.

By just making these few, easy adjustments ... Women married, single or divorced can be prepared for the future.

  • NewsMore>>

  • Day 3 of Troup Murder Trial: Scales takes the stand

    Day 3 of Troup Murder Trial: Scales takes the stand

    Thursday, July 20 2017 10:01 PM EDT2017-07-21 02:01:06 GMT
    The defendant, Joshua Scales, takes the stand to testify today in the Smith County Courthouse.The defendant, Joshua Scales, takes the stand to testify today in the Smith County Courthouse.

    On Thursday, Joshua Scales, an East Texas man charged with murder, took the stand to testify on day three of the trial. Joshua Scales is on trial for the summer 2016 murder of Jordan Ladue in Troup. 

    More >>

    On Thursday, Joshua Scales, an East Texas man charged with murder, took the stand to testify on day three of the trial. Joshua Scales is on trial for the summer 2016 murder of Jordan Ladue in Troup. 

    More >>
  • SFA picked sixth in preseason poll; Jacks take part in SLC Media Day

    SFA picked sixth in preseason poll; Jacks take part in SLC Media Day

    Thursday, July 20 2017 8:25 PM EDT2017-07-21 00:25:09 GMT
    SFA football picked ot finish sixth in the SLC.SFA football picked ot finish sixth in the SLC.

    With the beginning of Stephen F. Austin's 91st season of football rapidly approaching, head coach Clint Conque, junior defensive lineman Lamont Alexander and sophomore wide receiver Tamrick Pace completed the first official football event of the year by taking part in the 2017 Southland Conference Football Media Day at Hilton Americas in Houston.  After learning they were picked to finish sixth in the 2017 Southland Conference preseason poll...

    More >>

    With the beginning of Stephen F. Austin's 91st season of football rapidly approaching, head coach Clint Conque, junior defensive lineman Lamont Alexander and sophomore wide receiver Tamrick Pace completed the first official football event of the year by taking part in the 2017 Southland Conference Football Media Day at Hilton Americas in Houston.  After learning they were picked to finish sixth in the 2017 Southland Conference preseason poll...

    More >>
  • Prayers asked for severely injured Lone Star firefighter

    Prayers asked for severely injured Lone Star firefighter

    Thursday, July 20 2017 8:21 PM EDT2017-07-21 00:21:22 GMT
    (Source: Linda Shirley Campbell)(Source: Linda Shirley Campbell)

    An East Texas community is coming together after a volunteer firefighter was severely injured.  

    More >>

    An East Texas community is coming together after a volunteer firefighter was severely injured. 

    More >>
Powered by Frankly