Maintaining a desired lifestyle during your working years may be challenging at times. However, looking ahead to 30 years of inflation, taxes, market ups-and-downs – and no paycheck, in retirement, requires another level of planning. Then, women retire with 2/3 the average money of men and are often:

  • Living longer, often outliving a spouse – In fact, women live six to eight years longer. Would you believe women make up 80% of nursing home residents?
  • Sandwiched between career, children and caregiver – Passing up promotions, working part-time or staying home altogether can cost women hundreds of thousands of dollars in compensation and lost Social Security benefits.
  • Investing less and later, while earning less for the same job responsibilities – While there has been a lot of emphasis on the gender pay gap and gender work achievement gap, there is also, clearly, a gender investing gap. Women do not invest as much as men, which can can cost hundreds of thousands, or even millions, of dollars over the course of a lifetime.

Through careful financial life planning, she can achieve her goals and have the peace of mind she desires.


A recognized thought-leader in retirement and helping women navigate their unique financial challenges and opportunities, the AICPA invited Paula McMillan, CFP®, CPA/PFS, CGMA to create two podcast series on women and money and retirement readiness. The women and money series underscores key challenges, opportunities and solutions in financial planning nuances of working with women. Check it out below: