The triple-whammy facing women in retirement

The triple-whammy facing women in retirement

- in News

If you’re a woman looking forward to a comfortable retirement, well, good luck to you.

Women deal with three issues that don’t affect the majority of their male counterparts, according to financial education company Financial Finesse, which on Tuesday released its annual report on the gender gap in financial wellness. Women not only earn less than men during the careers — making it tougher to save as much for their retirements — but they need to make those dollars last longer because of greater longevity. Lastly, women are more likely than men to take a career break to care for family members, which can also hinder their retirement planning.

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