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Women and Retirement Savings

Planning and saving for retirement may seem like goals that are far in the future.

Planning and saving for retirement may seem like goals that are far in the future. Yet saving, especially for retirement, should start early and continue throughout your lifetime. Here are four reasons why saving matters to women – and especially to you!

Do You Know?

  • Women are more likely to work in part-time jobs that don't qualify for a retirement plan. And working women are more likely than men to interrupt their careers to take care of family members. Therefore, they work fewer years and contribute less toward their retirement, resulting in lower lifetime savings. If you work and if you qualify, join a retirement plan now.

  • Of the 62 million wage and salaried women (age 21 to 64) working in the United States, just 45 percent participated in a retirement plan. Remember, even small amounts can earn interest and add up over time.

  • On average, a female at age 65 can expect to live another 20 years, 2 years longer than a man the same age. Savings can increase a woman's chances of having enough money to last during her retirement.

  • By and large, women invest more conservatively than men. Choose carefully where you put your money and learn how to improve your investment returns.