A new study from the Society of Actuaries finds that the vast majority of women haven’t done the financial planning necessary to live comfortably for their full lifespan. Women outlive men by an average of four years so they have a critical need to plan for inflation, health expenses and long-term care needs. The study [...] [...more]
My friend Manisha Thakor is a financial planning expert who has devoted herself to the challenge of helping women to get smart about money and retirement planning. Manisha is a passionate advocate on the subject. “But definitely not because we are “worse than men” with money, that’s a total myth,” she says. “My 15 years [...] [...more]
A new Government Accountability Office report shows that the gender gap in management jobs persists, along with the ongoing gender gap in income. For women, the gap has serious implications for retirement security, since retirement benefits are driven by career income. Social Security benefits are derived from income history, and the ability to contribute to [...] [...more]
Are women at long last closing the long-standing pay gap with men? Median pay for American women was 22 percent lower than for men in 2008, according to the U.S. Census Bureau. That gap hasn’t changed much over time, and it’s a key factor in the economic security challenges that women face in retirement. But [...] [...more]
It’s no secret that women have more trouble than men building for a secure retirement-mainly due to lower lifetime earnings and resulting contributions to Social Security and retirement accounts. New research has added a new challenge to the list: far fewer women than men retire with a traditional defined benefit pension or annuity. Traditional pensions-along [...] [...more]
