“Just because a woman has a lucrative profession, a desk in the C suite or a thriving business doesn’t mean she has her personal and estate planning in order. In fact, she may be more likely to put this on the back burner given the multiple demands on her time. Women frequently put themselves last, especially those in the sandwich generation.”
Jerilyn Klein Bier, “Tapping Women Money Makers,” Financial Advisor magazine
The Takeaway: Women still need to juggle many balls at once. And unfortunately, to be fully prepared for retirement, women need to save a higher percentage of their salary each year (almost twice as much as men!) to make up for longer lifespans, lower salaries, conservative investment strategies, and more time out of the workforce.
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