Retirement Planning for Women: A Practical Approach to Saving and Investing
With a longer life expectancy, women most likely have more time to enjoy retirement. But living longer means women have a greater chance of outliving their retirement savings. And while gender equality has come along in leaps and bounds statistically, women are still at a disadvantage when it comes to accumulating money for retirement. The bottom line is that women need to save more to live comfortably in retirement.
Why Living Longer Means You Have to Save That Much Harder
On average, women live longer than men. With a longer life expectancy, you’ll most likely have more time to enjoy your retirement. So far, so good. But here’s the catch: Living longer means you have a greater chance of outliving your savings. And while gender equality has come along in leaps and bounds statistically, you’re still at a disadvantage when it comes to accumulating money for your retirement. The bottom line is that you’ll need to save more to live comfortably in retirement.
These simple tips can help you make savings your priority, but not a burden:
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