Baby Boomer Women Wish They Had Saved More Money for Retirement
If you’re a baby boomer woman and you feel like you’re behind in your retirement savings, you are not alone. According to The Allianz Women, Money and Power Study (2007), 62% of women wish they had done more to prepare for their retirement. More than half (55%) wish they had saved more money and had started saving sooner.Women will most likely outlive their male counterpart, which means that the likelihood of women being on their own at some point in their lives is quite high. Longevity is the biggest financial risk women face in retirement.Because of the longevity factor alone, we women need to take charge of our finances and save like crazy. We need to get rid of debt as quickly as possible, build emergency savings and brush up…
