For most women, there just aren t enough hours in a day. Unfortunately, the important issue of retirement is last on the list. Or worse yet, it s not on the list at all. There isn t time to put off retirement planning any longer.
Statistics show that women are living longer than men.
Therefore, women will live longer in retirement and will need to spread their retirement dollars further. It s been estimated that retirees need between 60 and 80 percent of their annual pre-retirement income to retire comfortably. Take a look at a man and a woman who both decide to retire at age 60. There are a number of compelling issues that make retirement security a greater challenge for women than men. Periods of moving into and out of the employment market have a profound effect on when, and if, a woman can afford to retire.