Sumary of Women are still behind men when it comes to retirement savings. What they can do to build security:
- Here are policy changes experts say will help AmericansStimulus checks and unemployment benefits lowered poverty in 2020, Census saysThe Covid impactThe gap between what men and women have saved for retirement has long been documented.
- “In the short term, it is OK if you have to adjust,” said Marguerita Cheng, a certified financial planner and CEO of Blue Ocean Global Wealth in Gaithersburg, Maryland.
- Women should also focus on spending and living within their means, said Shweta Lawande, a CFP and analyst at Francis Financial, a New York-based firm dedicated to serving women, couples and those experiencing divorce.