Many people worry about remaining financially secure after leaving the workforce, but, according to the Employee Benefit Research Institute, less than half of U.S. workers report that they or their spouse ever tried to calculate how much money they would need to live comfortably in retirement.
Working Longer: They say pay yourself first when it comes to saving money, but for many busy moms like Sandra Teske, AARP member of Oregon City, she often put her needs last. With two children, she didn’t have a career as a younger woman that allowed her to save for retirement. Little did she know as a younger woman how important Social Security would be to her future.
Women face special challenges while trying to build a secure retirement for themselves. Studies show that 60 percent of boomer-age women say they aren’t confident they’ll have enough money to live comfortably in retirement.
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