What Every Woman Needs to Know About Saving for Retirement
We all dream of the day we can retire from work. Unfortunately, most retirement planning is done by men. Complicating matters further, it is critical for women to think about saving for retirement differently than men. Things to Know About Saving for Retirement. Here are four things women need to know about saving for retirement. 1. You Will Live Longer Than Men in Your Life On average, women live longer than men. In the U.S., the preliminary data for 2020 from the CDC shows that for all races, women have a life expectancy of 80.5 years, while men have an average life expectancy of 75.1 years. This means that you’ll likely need to save for an additional five years of retirement as compared to a man in the same position.…
