The Gold IRA Company

DO WOMEN HAVE ENOUGH SAVED FOR RETIREMENT?

THE STATS:

Research from Aon Hewitt has revealed that 83% of US women do not have enough money saved for retirement.

Another study by the National Institute on Retirement Security reveals that women are 80% more likely than men to be impoverished at age 65.

Further Aon Hewitt studies reveal that women will need 11.5 times their final pay to meet their needs over their retirement years, and that the majority of women will need to work until age 69 to meet 100% of their needs in retirement.

 

SOME OF THE REASONS:

Some of the reasons why women are facing this serious shortfall in retirement savings are:

Less time in the workforce

Lower wages

Longer lifespans

More time care giving

 

12 STEPS EVERY WOMAN CAN TAKE TO ENSURE HAPPY, SECURE, COMFORTABLE AND ABUNDANT RETIREMENT YEARS:

Bearing all of the studies and research above in mind, it’s easy to see why it is so important for women to become financially educated in several areas, some of which include:

1. Take a quiet time daily to explore and create a vision plan for your life
   and make a Vision Board with images from magazines of things you love and what you would like to have in your life. Keep your vision board somewhere where you will see it, and be inspired by it everyday. Write down the amount of money you would like to earn annually, and keep that number with your vision board to inspire you daily.
2. Write down all of your talents and also include areas of interest and jobs that
   you have an affinity to or that you think are interesting and inspiring. And reflect and write about ways you can maximize your talents and areas of interest
   to generate increased income.
3. End securing unsecured debt. Spend within your means. As you practice these steps your abundance will grow because you will realize that your Source of prosperity is unlimited and not dependent on any one person, place, or thing.
4. Always give money to a charity. Tithe 10% and be amazed at the flow of abundance, peace, and joy that always flows back to you.
5. Save money every month even if it is very small to begin with. You will be happily surprised by what happens.
6. Put a portion of all money generated into a Prudent Reserve savings account and build it up so that you have 6 to 12 months living expenses set aside at all times.
7. Open a separate Fluctuating Expense Account for those annoying and unexpected “rainy day” expenses.
8. Open a Retirement savings account for your older years, and learn about the various Individual Retirement Savings accounts and 401(k) plans available.
9. Study the different types of investments including Real Estate and other tangible investments like physical gold and sliver.
10. Learn about Wills and Trusts.
11. Set aside some cash in an envelope for a fun outing, and a vacation whenever you receive money. Always reward yourself on a regular basis for doing a great job! Having fun and enjoying hobbies in life is really important.
12. Finally, write down 10 things you are grateful for everyday, this will keep your heart happy. Money loves to visit happy people.

 

THERE ARE MANY WONDERFUL FREE RESOURCES READILY AVAILABLE:

There are many wonderful free resources available today to help you to begin taking and accomplishing these 12 Steps toward your prosperity and financial wellbeing including:

Local libraries, community colleges, the SBA – Small Business Administration, Work Source, and the Internet just to name a few.

And remember, if you feel overwhelmed at any time, if your approach is one of steady, persistent gentleness, taking one step at a time – or even one toe at a time consistently, you will be very amazed at how quickly and even joyfully your abundance and financial savvy will begin to kick in. You may even find yourself offering your own lecture or workshop at a local library.

 

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Although the information in this commentary has been obtained from sources believed to be reliable, The Gold IRA Company does not guarantee its accuracy and such information may be incomplete or condensed. The opinions expressed are subject to change without notice. The Gold IRA Company will not be liable for any errors or omissions in this information nor for the availability of this information. All content provided on this blog is for informational purposes only and should not be used to make buy or sell decisions for any type of precious metals.