Battle of the Sexes?! Ladies win again….

It’s widely known that women live longer than men.  But think about this new U.S. Census Bureau report released just last week:  just 2 out of 10 Americans who live to age 100 or longer are male.

According to the report, of the 53,364 Americans that are age 100 or older right now, more than 80 percent are women.

Besse Cooper, who lived to be 116

Guinness World Records, who certifies the oldest living person, said the title was formerly held by Besse Cooper.  She died several weeks ago at age 116 in a Georgia nursing home soon after having her hair done.  Guinness announced that the new person certified to be the oldest anywhere on the globe is now 115-year-old Dina Manfredini.  Dina is an immigrant from Italy and has lived in Des Moines, Iowa since 1920.

The number of people living past 100 continues to grow.  In 1980 there were only 32,194 Americans age 100 or older.  Today, there are 53,364.

With increased longevity also come increased financial challenges.  Living longer can mean increased medical expenses towards the end of life.  It also means one’s investment portfolio has to work harder to support those later (and sometimes expensive) years of life.

Did you know that over a third of our clients at Woodward Financial Advisors are single women?   We love helping these women plan for a long and fruitful life.  Our primary focus is helping them remain financially independent.

When it comes to the game of life (span) guys, the ladies have us beat again.  Your Wealth Management team at Woodward Financial Advisors in Chapel Hill, NC is here to discuss this report (or any other topics) with you if you wish.  Financial planning for women is one of the things we enjoy most!