With buyout offers, when deciding whether to take it or leave it, a couple of calculations can be enlightening. This how-to guide walks you through the steps to help make the right choice for you.
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Women face unique challenges as they age. According to the Population Reference Bureau, a Washington based think tank, women live about seven years more than men. Living longer means planning for a longer retirement. That sounds good, but a longer retirement increases the odds of needing long-term care. A 2004 AARP study found more than 70% of nursing home residents were women.
Living longer also increases the odds of going it alone, as living longer may mean outliving a spouse. According to the Joint Center for Housing Studies of Harvard University, “In 2018 women comprised 74% of solo households age 80 and over.”