Retirement Planning Is Different For Women: Here’s Why

As International Women’s Day approaches (March 8), 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 that 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.   Episode Resources: Gender pay gap- Pew Research Center https://www.pewresearch.org/social-trends/2023/03/01/the-enduring-grip-of-the-gender-pay-gap/ Women's life expectancy- National Center of Biotechnology Information https://pubmed.ncbi.nlm.nih.gov/23331196/ Women's debt- T. Rowe Price Insights https://pubmed.ncbi.nlm.nih.gov/23331196/ Women's retirement confidence- BMO Finance Group https://pubmed.ncbi.nlm.nih.gov/23331196/   Contact: Great Lakes Retirement Website: http://www.greatlakesretirementsolutions.com/ Call: 989-401-2949