It’s not a surprise — but it IS something we BA50s need to think about. According to new research by ING women, on average, have nearly $41,000 less socked away for their future than men. The other reality: Women tend to live longer, meaning we need MORE retirement savings than men, not less. A report from the Insured Retirement Institute found that a 65-year-old man can expect to spend $350,000 for health care expenses throughout the remainder of his life. The average woman will need $417,000. The answer? Go to this link for some important money-saving tips. Make this a gift to yourself this Mother’s Day: After all, we need to be more informed when planning our financial futures.
Jean Chatzky’s Gift to Moms: 3 Tips for a More Secure Retirement (Daily Finance) was last modified: May 14th, 2012 by