Women are more likely than men to underrate themselves when it comes to investing. Yet women are usually in charge of household budgets, are more willing to save for the long-term and are better bargain hunters.
Although both men and women have access to the same retirement savings accounts, recent research has found that women are far less financially prepared to retire in comparison to their male counterparts. This isn’t only due to obvious reasons, such as the gender pay gap. Everyday reasons matter as well when it comes to saving enough for retirement.
In our parents’ days, people simply left the job they had held most of their lives and moved onto permanent vacation when they retired. But then, most of them never lived the additional 25 to 30 years anticipated for many of us boomers.
Many people say, “I’ll travel when I’m retired, then I’ll have the time and money to truly seek adventure.” The harsh reality though, is that a little over 3 million Americans are concerned that they will not have enough saved income to afford to retire in the United States, much less travel.
When I arrived at the gym, the electricity had been off for three hours. The treadmills were idle, and only people-powered-machines were raising heart rates.
So, you’ve said your farewells, rented out your apartment, packed your bags and landed in your new home. A new life is about to open before you.
Over the next decade 75 million Americans will retire. For couples, it may be surprising to learn that this transition may prove more difficult than for a single man or woman.
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When it comes to retirement planning, women our age face some unique challenges. First, statistically speaking, we will likely live longer than our male counterparts. Second, while not universally true, we may not have had the opportunity to earn as much as we deserved during our careers. The good news is that there are plenty of things that we can do to plan for the years ahead… even if we have already reached retirement age. Today, I’d like to share 7 retirement tips just for women like us. Come join us for a cup of tea (or coffee) and a chat. And, if you enjoy the show, please tell one friend about us today. Your support means so much to me!
“Why do you live in Mexico?”
I get asked that question a lot. And the answer is – for many reasons. I’ll start with the more obvious: great weather, delicious food and incredible culture. I could go on and on but I’ll try to focus. It’s just that every time I turn my head, I see another reason to love this country.
Almost 20 years ago I moved to a small town in Bali, Indonesia. At 65 I’m still here, part of a vibrant community of expat elders who have chosen a very different path in retirement.