Women Facing Financial Challenges for Retirement
The barriers to accumulating wealth for women are daunting. Recommendations from a Senate hearing and a think tank briefing. The financial challenges women face to achieve financial security in retirement can be huge, as a Senate Special Committee on Aging hearing and an Employee Benefit Research Institute (EBRI) briefing last week demonstrated starkly. And with the […]
When Will You Retire?
When retirement expert Kerry Hannon speaks to audiences around the country, she can see “the palpable fear in their eyes.” “They’re going to outlive their money,” she said. “A lot of people have not saved for retirement (and) they need to work.” Source: 2016 Retirement Confidence Survey People are living longer than ever and saving less during their […]
5 Reasons to Find a Money Mentor
When I was 30, I quit my job in New York City and moved to Washington D.C. for a new and improved one. The bad news is, I cashed out the funds I had saved for five years in my employer’s tax-deferred retirement plan. I of course had to pay the taxes and the penalty […]
Smart Ways Entrepreneurs Can Save for Retirement
One of the toughest things to do when you’re a woman running your own business is to save for retirement. Even 15+ years in as a solo entrepreneur, I wrestle each year at tax time to let go of the maximum amount my accountant determines I can sock away for what could be 20 or […]
Kerry Talks About Money Lessons From Her Dad
Fathers shape their children’s financial life. To that point, 56 percent of people said their fathers influenced their retirement savings and 62 percent said their retirement plans are similar to their dads’ strategy, according to a John Hancock Retirement Services survey of 1,007 Americans adults conducted in late April. Paternal influence cuts both ways. A […]
Best Moves Now to Retire Better
Here are steps to get your financial situation in shape, whether you are closing in on retirement or just starting out. 20s and 30s Learn the money basics Two books to consider: “How to Think About Money,” by Jonathan Clements, and “Heads I Win, Tails I Win: Why Smart Investors Fail and How to Tilt […]
Financial Worries for Women in Retirement
Many women find it an uphill battle to save for retirement. Across all age groups, women have considerably less income in retirement than men, according to a report from the National Institute on Retirement Security. For women age 65 and older, their income is typically 25 percent lower than that of men. As men and […]
Best Retirement Plans for Small Business Owners
My dad was a small business owner whose engineering and consulting firm provided a solid income for him and supported our family. When he realized none of his four children were going to take over the business, he sold it at age 70. Dad didn’t have a retirement savings plan per se — the sale […]
5 Cures for Women’s Retirement-Spending Paralysis
I don’t have a problem spending money on something I value – a vacation, a pair of good shoes or a special gift for my husband. I’m still earning money, gratefully. Many women, however, are loath to open their purses, particularly if they’re retired or nearing retirement. The Squared Away blog from the Center for […]
Women and Financial Advisers: A Rocky Relationship
Not long after my husband, Cliff, and I got married, he asked me to join him for a meeting with his financial adviser. Cliff had invested with this adviser for about a decade and was happy with the results. So I went along — and instantly regretted it. As the adviser and Cliff bantered about […]
