Opinion: How Can Women do a Better Job Preparing for Retirement?

“The takeaway: It’s not an easy skate for most women, me included, to stash away enough retirement savings to cover potential living expenses for our last decades. A recap of the challenges women face: There’s the pay gap between women and men, the cost of time out of the workforce for caregiving, and the often-devastating financial reality of a divorce at midlife. And of course, there’s the fact that so often women are contract workers like me with no employer retirement plan. They may also work part-time, or are employed by a small business that doesn’t offer an employee retirement plan. Finally, we tend to live longer lives than our male counterparts, so we have extra years of living to fund.”