If you don't have a plan yet, it may be time to start thinking about your financial future. According to a recent Women's Retirement Confidence Survey, only 44 percent of women, compared to 54 percent of men, have tried to figure out how much money they need to retire. And only 29 percent of women feel confident that they will be able to meet basic expenses in retirement. You've heard it all before, about the importance of saving for retirement and setting goals and working to achieve them. Women, on average, take 10 times as much time off from work to raise a family than men.
Women also tend to live seven years longer than men.
Women have different financial needs than men and a different attitude toward investing. Women, in general, are not as comfortable as men taking risks with their investments. Don't shy away from planning for your financial future. Just take it one step at a time and you will have a good grip on your finances in no time at all. If it all sounds like too much to think about, don't panic.