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Challenges can be different for women planning for retirement
“The average amount of money earned by women throughout their career is $850,000 less than that of men” according to recent data on Payscale.com. The wage gap has put women at a disadvantage in several ways including saving for retirement. Along with this persistent wage gap, women, on average, spend 44 percent of their adult life out of the workforce compared to 28 percent for men, which adds to women’s disadvantage at saving to prepare for retirement years as well as exacerbating their diminished Social Security benefits. Sara Ruef-Lindquist’s blog post writes on what women can do to address the issues of the wage gap, time out of the workforce, and relative longevity so they can build a secure retirement. Read Ms. Ruef-Lindquist’s blog here…
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