All Americans are facing sizable challenges as they prepare for retirement, but the challenges are further compounded for women. As caregivers for the family, as the ones most likely to be widowed, as the ones responsible for their own long-term care, women have critical planning and investment needs that often extend beyond those of men.
- Since women assume the greater share of parenting and caregiving roles, and often stop working to care for an ill spouse or aging parent, their earnings and savings are directly affected.
- While the income gap is narrowing between women and men, many women continue to earn less than their male counterparts and may need to plan to save more of their income to meet long term goals.
- Women often live longer, and therefore may require greater assets than men to help ensure a comfortable retirement.
We believe in empowering women to understand the critical challenges and opportunities unique to them. Together, we can help you plan to overcome those challenges, continue to care for family, friends and loved ones, and enjoy a fulfilling retirement.
For further perspective, the following report outlines some approaches to saving for retirement and to helping women take control of their financial lives.