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What Women Need to Know About Retirement

Planning for retirement might seem mysterious or even scary, but it shouldn't be. Download the pdf.

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Retirement Planning

Women's Savings Initiative


When it comes to women and retirement, the numbers say it all: over the next two decades, nearly 40 million women will reach retirement age. While many of them will be ready to leave the workplace, many simply won't be able to afford it.

Consider that nearly two-thirds of working women earn less than $30,000 a year. And nearly half of all women work in low-paying jobs without retirement plans or 401(k)s. Not to mention women still earn on average 77 cents for every dollar earned by men.

More women than men are likely to work part time, too, which means they often have less socked away for retirement. Add to this the fact that women outlive men and you realize only 34 percent of women between the ages of 75 and 84 are married with a spouse present. That means a steep drop in income from pensions and even Social Security.