On average, a female retiring at age 65 can expect to live another 19 to 20 years. That’s at least 3 years longer than men who retire at the same age. Which makes it more important to plan retirement early and start saving early. Savings can increase your chances of having enough money to last [...]
Posts Tagged ‘retirement planning for women’
Women are more likely to work in part-time jobs that don’t qualify for a retirement plan
Because women are more likely than men to interrupt their careers to start a family and to take care of aging family members, they are often more likely to work in part-time jobs. As a result, these part-time jobs don’t qualify for a retirement plan. Thus many women work fewer years and contribute less towards [...]
Retirement planning sounds so far ahead, but you need to start as soon as possible
For most people, retirement seems so far ahead. Every few women start thinking about their retirement planning until children are out of the house. Mostly in their late 40s and 50s. But keep one thing in mind, the earlier you start, the easier it is. It’s a simple number game. The longer you save and [...]