Cary Carbonaro joins PIX11 to discuss why women often enter retirement with less — even though they may need their money to last longer.
Women face a unique set of financial challenges throughout their working years that can have a significant impact on retirement. The gender pay gap is only part of the equation. Women are also more likely to step away from the workforce, reduce their hours, or put their careers on hold to care for children, aging parents, and other family members.
Those decisions can affect more than a paycheck. Over time, they can mean fewer opportunities to save, invest, contribute to retirement accounts, and benefit from years of potential growth.
At the same time, women tend to live longer than men — meaning they may ultimately need more money to support a longer retirement, not less.
In this PIX11 discussion, Cary Carbonaro explores the factors contributing to the retirement gap and why understanding the financial realities women face is so important when planning for the future.
Watch Cary’s PIX11 appearance above to learn more.
