October 1, 2017

How women undermine their retirement security

"While women still face a gender pay gap, their inclination to put family expenses first and their reluctance to discuss financial matters also hurt retirement savings. The Women's Institute for a Secure Retirement symposium explored possible solutions, including forming financial book clubs and taking advantage of employers' automatic enrollment or automatic escalation for retirement savings." http://www.nextavenue.org/wisest-retirement-solutions-women/
Author Kerry Hannon writes: "From my research, I’ve found that the root of the money quandary many women face is their own attitude. And that’s manageable. You can control how you approach your finances. You can stop the negative mental chatter. You can put an end to procrastinating. You can choose to make understanding your own financial decisions a priority. And you need to." Amen! My research also found that women put themselves last, often supporting adult children who need to be cut off the parental gravy train.

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