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Is Social Security Going To Run Out In Your Lifetime?

We get regular updates on the Social Security trust fund. In early May, the Social ...

The post Is Social Security Going To Run Out In Your Lifetime? first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

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Thriving on the Uncertainties In Investments

We all like surprises, right? Well not exactly. We like the surprises that we want. ...

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9 Facts About Retirement

Retirement can have many meanings. For some, it will be a time to travel and ...

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Gender Gap For Retirement Savings Persists Despite Steps Forward

July 8, 2022

Many people recognize the potential impacts of gender gaps on retirement savings. Unfortunately, retirement readiness could become problematic for many women approaching retirement age.

Women must be prepared to think about how they can adapt their retirement plans by working with experienced financial professionals. All too often, women face setbacks when they hit retirement age. This can be especially challenging if a spouse experiences medical issues. Just one partner needing a stay in a nursing home or an outside nurse to come in could decimate the retirement savings that the spouses considered to be for both parties.

The gender pay gap has closed some in recent years, but it’s cumulative impacts are still felt strongly by older women. Having a financial professional who is committed to helping you adapt and handle these challenges is important.

Two recent studies from the TIAA Institute found that in 2020 male workers contributed a median of $8,271 to their workplace retirement plan, compared with only $5,994 for women. In 2022, that’s a 27% gap between men and women. This is an improvement from the 34% difference in 2012, but the pay gap continues to impact women today and for the remainder of their lives.

Stepping out of the workforce, contributing lower amounts, and earning lower wages can all make it difficult for women to catch up with retirement. Considering the possible expenses associated with long-term care and the need to support a retirement for longer years due to increased longevity, it is extremely important for women to have access to knowledgeable financial advisors. A financial advisor can help you adapt and adjust your retirement plan as necessary. If you have not yet partnered with a holistic financial planning and advising firm, now is the perfect time to get all of your questions answered.


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Schedule your free Exploratory phone call

Click here to see how we
can be of assistance.

Careers/Open Positions

Explore all available job
listings and become a part of an amazing team.

Our Social Media

Connect with us on Social Media using the following buttons:

Visit our Podcasts

Listen in, Join the Conversation!

Recent Posts
Is Social Security Going To Run Out In Your Lifetime?

We get regular updates on the Social Security trust fund. In early May, the Social ...

The post Is Social Security Going To Run Out In Your Lifetime? first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

See more
Thriving on the Uncertainties In Investments

We all like surprises, right? Well not exactly. We like the surprises that we want. ...

The post Thriving on the Uncertainties In Investments first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

See more
9 Facts About Retirement

Retirement can have many meanings. For some, it will be a time to travel and ...

The post 9 Facts About Retirement first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

See more