Women have unique challenges that they typically face in retirement, and although men have their own share of obstacles to face, women tend to juggle more than just worrying about themselves and their own livelihood.
This phenomenon is mostly due to the fact that many women today are part of a “sandwich generation” in which they typically support themselves, their children, and often times aging parents. This makes retirement a lot more challenging, especially when life throws a wrench in the mix such as divorce, or the death of a spouse.
In this episode we discuss what to expect and the steps you can take to be better prepared.
More specifically, I discuss:
Resources:
The key moments in this episode are:
00:00:00 - Unique Challenges Faced by Women in Retirement
00:03:08 - Longer Life Expectancy and Financial Stress
00:04:51 - Earning Less and the Sandwich Generation
00:06:12 - Investing Knowledge and Risk Tolerance
00:09:51 - Common Mistakes in Divorce Settlements
00:16:00 - Importance of Understanding Investments and Goals
00:16:45 - Importance of Insurance Coverage
00:17:21 - Importance of Organizing Important Documents
00:18:26 - Seeking Professional Help
00:19:37 - Risks in Investing and Asset Allocation
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