While the basics of planning for retirement are the same for men and women, women face unique challenges. They often spend less time in the workforce and command lower salaries than their male counterparts, but many women also don’t take an active approach to retirement planning. Our financial advisors can help you understand and combat the unique challenges you face in preparing for a comfortable retirement.

To increase your retirement income, you’ll have to invest more of your earnings. You’ll also want to evaluate your salary and pursue raises and promotions. To increase your Social Security income, you can wait until you’re closer to age 70 to receive distributions. 

A retirement planner can help you better understand your current financial position and what you need to do to reach your goals. With our help, you can create a retirement plan that allows you to save and invest for a prosperous retirement while protecting your current financial assets. 

Women may need to save more for retirement because their life expectancy is greater than men’s. People suggest contributing 10 to 15% of your pre-tax income toward retirement, but you may need to contribute more if you’re catching up. After you max out your retirement contributions, you can invest additional cash in a private investment portfolio. Call us today and we’ll calculate how much you need to save for retirement. 

Let us help you prepare for your prosperous retirement by creating a retirement plan. We’ll analyze your financial situations and discuss your investment objectives. Together, we’ll come up with a strategy to help you create the retirement lifestyle you want. Call today to schedule a consultation.