Waiting just one year to start saving for retirement could cost you – big! If you start saving when you’re 29 instead of 27, your retirement nest egg could literally be tens of thousands of dollars smaller once you reach age 65. Read more from Ana Lucia Murillo.
…That is the question, and the answer may surprise you! Read more from Mark Hulbert.
We know about the income gap in wages, but did you also know that women have 40% less in retirement savings than men do? There’s no time like the present to review your retirement planning and make sure you’re maximizing your savings. Read more from Tracey Longo.
If you have a little extra cash laying around…even just $20…popping it into an IRA can be a boon for your future retirement. Read more from Alessandra Malito.
Yes, that’s right. Retirement isn’t JUST about dollar and cents (although that’s certainly a central issue!); it’s about how you’ll stay engaged, vital, and sharp, and to do that, author Jeremy Olshan suggests you’ll need a plastic mind and a rubber soul, among other things. Read more.
…And seven steps women can take to make sure they are financially secure.
“Women on average make only $0.82 for every dollar a man makes, but when broken down the wage gap reveals additional complexities relating to race, education and other socioeconomic factors,” writes Elizabeth Gravier. “When it comes to saving for the future, women’s average total retirement savings is just $23,000, whereas men’s average total retirement savings is over three times higher at $76,000.” Read more to see seven steps women can take today to become more familiar with their finances and improve their relationships with money.