Planning to live one’s desired lifestyle now, and for 30 years of retirement, with inflation, taxes and market ups-and-downs is not simple for anyone. However, women, in particular, have some unique challenges to being and remaining financially well that are often overlooked that can result from:
- a longer life expectancy, often outliving a spouse
- being sandwiched between career, children and caregiver
- investing less and later, while earning less for the same job responsibilities [1]
These challenges can put women at greater risk in achieving and maintaining financial independence over their lifetimes, often even more so if she divorces.
[1] https://www.forbes.com/sites/jenniferbarrett/2019/04/02/this-gender-gap-is-worse-than-the-gender-pay-gap/#7bcd1dd05946
