Unique Challenges Women Often Face in Retirement

Women have unique challenges that they typically face in retirement, and although men have their own share of obstacles to face, women tend to juggle more than just worrying about themselves and their own livelihood. This phenomenon is mostly due to the fact that many women today are part of a "sandwich generation" in which they typically support themselves, their children, and often times aging parents. This makes retirement a lot more challenging, especially when life throws a wrench in the mix such as divorce, or the death of a spouse. In this episode we discuss what to expect and the steps you can take to be better prepared. More specifically, I discuss: Why women tend to face their own unique obstacles for retirement How statistically living longer than men presents financial challenges How temporarily leaving the workforce to care for others can affect your finances in a major way Why investing on your own is paramount to sustaining the lifestyle you desire throughout retirement Understanding risk and why being "too conservative" when investing can hurt you in the long run Common mistakes made during the divorce process and negotiations How to mitigate elder abuse in your later retirement years  Resources: Access Show Notes HERE Free Retirement Jump Start Analysis for Ages 50+ Ask Cameron A Question!   The key moments in this episode are: 00:00:00 - Unique Challenges Faced by Women in Retirement 00:03:08 - Longer Life Expectancy and Financial Stress 00:04:51 - Earning Less and the Sandwich Generation 00:06:12 - Investing Knowledge and Risk Tolerance 00:09:51 - Common Mistakes in Divorce Settlements 00:16:00 - Importance of Understanding Investments and Goals 00:16:45 - Importance of Insurance Coverage 00:17:21 - Importance of Organizing Important Documents 00:18:26 - Seeking Professional Help 00:19:37 - Risks in Investing and Asset Allocation