This week’s article discusses three retirement savings factors relating to why it is different for women in retirement. While many of us may already have reflected on a female being projected to live longer than a male, we may not have noted that “women often face bigger challenges in retirement because of leaving the workforce to raise children or care for elderly relatives.” This challenge is often compounded by the reported likeliness of women who “place general costs, paying off debts and housing costs as a higher priority” than saving for retirement. These are issues that may effect all of us. Call us if you would like to discuss coming up with some ideas to better integrate savings into your retirement planning. We’re always here to help.
DIFFERENT FOR WOMEN
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This commentary was created by a third-party for the Agent’s use. NTM 08-27.