It’s important for everyone to think about retirement…and it turns out it’s especially crucial for women. That’s why this week we’re sharing this post from America Saves.
Why do women need to save more?
So how do you prepare for retirement and make a plan?
Steps to Take
1. Find your Social Security benefits statement
This statement comes three days before your birthday. Remember that Social Security is intended as the foundation for retirement; right now it replaces about 40 percent of an average earner’s wages. The problem is that too many women rely on it as their primary or only source of retirement income.
2. Review your retirement plan statement
3. Open up an Individual Retirement Account
One More Factor to Consider
Doing the Math