Working women are falling short behind men when it comes to retirement planning and savings according to Transamerica Center for Retirement Studies. Because of their maternal duties and other caregiving obligations, female workers enter and leave the workforce more frequently. On top of that, they receive lower salaries than men so they retire with smaller nest egg. And because they are likely to live longer, that retirement money has to last longer, too. Here are some sobering statistics and sad facts about women’s retirement. See also What’s Better: Roth 401k vs Traditional 401k and the Compound Interest Chart growth.
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