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Why Retirement Planning Is Different For Women
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With Mother’s Day right around the corner, it’s the perfect time to reflect on the progress women have achieved in the financial realm over the past century. Despite this, the path to retirement is not without its unique challenges for women, and it’s important to recognize the financial hurdles they continue to face. In this episode, we’ll share some eye-opening statistics and actionable advice to empower women in their financial journey.
From the persistent gender pay gap to the impact of caregiving responsibilities and higher debt burdens, this is why retirement planning is different for women. Liz's insights are a reminder that it's never too late to engage actively in your financial planning and that having a plan in place is key to navigating the future with confidence.
Here’s some of what we discuss in today’s show:
- How the gender pay gap continues to impact women today
- Women generally take the caregiving lead and carry higher debt
- Women often have less income and assets in retirement
- Women need to fund a longer retirement
- The lack of financial confidence that many women feel
- The importance of financial education and planning
If you are interested in learning more about how we could help you plan for retirement, contact us here: https://www.bestpathadvisors.com/contact
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