Re: On the contrary
ALL women be you independent or dependent are valuable contributors to society and all women who are not wealthy worry about retirement.
Women have good reason to worry since women confront unique challenges as they strive to save for retirement and ensure that their retirement savings lasts a lifetime.
Some of these challenges include longer life expectancies than their male counterparts. Also, on average, women experience lower lifetime earnings than men due to lower salaries.
This is further complicated by the responsibilities of motherhood which could mean disrupted work histories and more time spent in part-time jobs yet they will still have to stretch their smaller accumulated retirement savings over longer lifetimes.
We can help alleviate the worry that women feel about retirement by:
Encourage the women in your life to start planning and saving earlier since women spend fewer years in the workforce than men.
Encourage the women in your life to take an active part in their financial plan for retirement since they may have different concerns to their spouse at retirement which can be addressed in their retirement plan.
Encourage the women in your life to invest in their health to limit medical costs at retirement.
Disclaimer: This comment does not constitute financial advice. Please contact a qualified financial planner for personalised assistance with your financial affairs.