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Retirement? This something I think about quite often. With less that 20 years left until that time comes, I wonder if I have done enough to prepare for that time.
Here are a few things you should to take into consideration when planning for retirement, especially if you are women:
• Consider your lifespan-women are expected to live until the age of 85. This is 3 years longer than male partners.
• Be aware of the obstacles-women are often paid less and do not usually spend as much time in the workforce as men.
• Stocks historically provide the best overall performance for retirement income.
• Educate yourself-take a class on retirement planning. Know what your options are.
• Have a plan-have an idea where you want to be and when you want to get there.
Women have to think a little bit differently when it comes to retirement. The best things you can do is start early and follow a plan.
