Quiz time! The unique financial planning needs of women include:
A. a longer expected life span than their male counterparts.
B. earning gaps from taking time off work to care for children and/or elderly parents.
C. underfunded retirement accounts due in part to pay inequities.
D. all of the above.
If you said D, you are correct! This is one question in a new quiz in this latest issue of CU Management’s special online publication Advancing Women. Will you score 100%? And more importantly, will you be able to reach retirement that you envision?
In our feature article “Focus on Personal Finances,” we offer five expert recommendations to plan for—and achieve—a secure future. These tips are applicable to anyone who wants to retire some day but, as Susan Mitchell chair of the Global Women’s Leadership Network and CEO of Mitchell Stankovic & Associates, points out in an article for us, women face unique retirement obstacles. As a result, we need to be extra proactive for ourselves, our colleagues and our staff.
continue reading »