American women are looking at a rockier road to secure retirement than their male counterparts. Read why via Paula Span.
Women’s retirement savings continue to lag behind men’s, and their worries have been exacerbated by COVID. Here are some thoughts on how to build women’s financial security. Read more from Carmen Reinicke.
Women tend to live longer than men, so they need as much retirement income as possible. Whether you’re 30 or 60, here’s what you need to know; read more from Susan B. Garland.
…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.
Social Security was created in the 1930s for a different era; now women are impacted more adversely if they make the wrong claiming choices. Make sure you understand these issues; click here to learn more.
Good retirement planning factors in women living longer, but rarely addresses steps for handling finances when widowed. Here are some things you should think about, just in case.