BLOGGER TEMPLATES AND TWITTER BACKGROUNDS »

Friday, January 9, 2009

Women's Saving Initiative


"When it comes to women and retirement, the numbers say it all: over the next two decades, nearly 40 million women will reach retirement age. While many of them will be ready to leave the workplace, many simply won’t be able to afford it.
Consider that nearly two-thirds of working women earn less than $30,000 a year. And nearly half of all women work in low-paying jobs without retirement plans or 401(k)s. Not to mention women still earn on average 77 cents for every dollar earned by men.
More women than men are likely to work part time, too, which means they often have less socked away for retirement. Add to this the fact that women outlive men and you realize only 34 percent of women between the ages of 75 and 84 are married with a spouse present. That means a steep drop in income from pensions and even Social Security.
These statistics are daunting to say the least. That's why Visa's Practical Money Skills for Life, with the help of the Heinz Family Philanthropies, and The Women's Institute for a Secure Retirement are offering these valuable resources for women."www.practicalmoneyskills.com
Here are some steps to get you started.
1. Listen to (and read) What Women Need to Know About Retirement Planning for retirement might seem mysterious or even scary, but it shouldn't be. That’s why Visa Inc. has teamed up with the Heinz Family Philanthropies and the Women's Institute for a Secure Retirement (WISER) to present their eBook "What Women Need to Know About Retirement."
2. Explore Jean Chatzky’s Practical Money SeriesEach week, personal finance expert Jean Chatzky shares valuable tips, information, and resources. Tune in each week to Jean's Practical Money Minute podcast (video or audio), or watch online and read through transcripts.
3. Sign up for the Practical Money Skills for Life Monthly NewsletterSign up to receive all the best of Practical Money Skills for Life delivered fresh to your inbox once a month. Each month, we deliver articles, calculators and tools, and stories to help you get the most from your money.

1 comments:

Anonymous said...

Excellent ideas. Perhaps you would be interested in some of the recent ideas about how women should approach this event that I recently posted on my blog: http://retirementwithaplan.wordpress.com/

In it, I look at the necessity for retirement coordination rather than looking at this as a “I-am-in-it-alone proposition”. Open communication and the alignment of with what your significant other is doing with their plan can be incredibly helpful in securing a better-than-adequate retirement.