Helpful Retirement Strategies for Women
Preparing for retirement can look a little different for women than it does for men. Although stereotypes are changing, women are still more likely to serve as caretakers than men are, meaning they accumulate less income and benefits due to their time absent from the workforce. Research shows that 39% of women took a significant amount of time off work to care for loved ones – compared to 24% of men.1 Women who are working also tend to put less money aside for retirement, saving just 7% of their paychecks on average, while men save closer to 10%.2
Retirement may look a little different for women, but with the right strategies – and support – you’ll be able to live the retirement you’ve always dreamed of.
We’re always happy to offer support and guidance to women who are ready to be proactive about their retirement. Call 828-258-2323 to schedule a virtual or in-person meeting to learn how we can help!
Carol King, Financial Advisor, CPA, PFS
Carol L. King & Associates
1. Pew Research, 2019
Carol King | 03/31/2021