Why Men Have 7x More Saved For Retirement…
…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.
Feel You Haven’t Saved Enough For Retirement? Here’s Help!
“Experts say you should have 10 times your income saved to retire by age 67—here’s what to do if you aren’t yet there,” says Elizabeth Gravier. If you’re concerned about what to do if you’re nearing retirement and haven’t saved enough, read more about what you can do.
20 IRA Mistakes to Avoid
IRAs are incredibly useful investment tools for most to help save for retirement. From contributions to conversions to distributions, don’t fall into these traps – read more.
Live Long and Prosper
Planning for retirement is more important than ever because now we’re living longer than ever. Read more here.
Don’t Let Confusion About Medicare Ruin Your Retirement
As you approach your retirement, it’s easy to be befuddled by Medicare. “With different coverage options, confusing enrollment deadlines and disparate cost-sharing among beneficiaries, ending up with faulty assumptions isn’t hard. However, some mistaken beliefs can be more costly than others,” points out Sarah O’Brien. Read more.
These 5 Mistakes Could Cost You!
If you’re already using a 401(k) for retirement savings, that’s great. Make sure you’re not making any of these mistakes which could have a significant impact over the life of your 401(k) and on your retirement!
