Women are great at multi-tasking. But many drop the ball when preparing for retirement.
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Women are great at multi-tasking. Just watching a woman juggle work and family along with all of her other responsibilities can be exhausting but there is one area where many women simply drop the ball; taking charge of their financial well-being.
Women live an average of nearly 5 years longer than men or put another way 50% are expected to live past 85. That’s a projected retirement of 20 years or longer, yet only 8% are prepared to finance a retirement of that length.
Women are more inclined to take time off from their careers to rear children or care for aging parents and they earn on average only 81% of what their male counterparts earn. These numbers may pose a challenge for women. They must be ready to spend more years in retirement with potentially fewer resources to fund those years.
What can you do to be better prepared so your retirement years may be truly golden? First, set goals for your retirement needs, then educate yourself on the investment options available and create an approach to pursue your objectives. Finally, remember that you are not alone.
Call today and we can review your retirement strategy.
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rebel Financial is a Registered Investment Advisor that provides retirement planning, estate planning, financial planning and investment management services to it’s individual and institutional clients.