Women and Retirement Savings

A recent article in Forbes points out that women in two-earner households are at greater risk of missing their savings targets for retirement. For many, this translates to a lower standard of living.

Essentially, studies find that the typical two-earner household isn’t saving enough to replace the spending level of the household once both partners retire. It’s common for a two-earner households to spend more, and save less proportionately than their single-earner counterparts. This is why it is so important to work with your advisor to be sure that both spouses save the maximum amount that they can in order to ensure they won’t have to take a step down when they retire. Here’s a link to the study:

Women Facing the Greatest Retirement Risk

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