Planning for retirement is every bit as much a concern for American working women as it is for working men, and perhaps more so. After all, women make up fifty-seven percent of women participate in the labor force, and among women with children under age 18, that figure rises to 70 percent. At the same time, women face unique retirement saving and planning challenges...
Not Gonna Do It
If you've been walking around thinking that Social Security will cover most of your bills in retirement, it's time to set yourself straight -- and start saving for the future. While the amount of money you'll need in retirement will depend heavily on your lifestyle and goals, most seniors will require around 80% of their former income just to cover the basics....
Do You Have Enough?
Timing is Everything
Countless workers worry about how they're going to pay the bills and take care of their health in retirement. Thankfully, there are two key programs -- Social Security and Medicare -- designed to help in both regards. In fact, you may be wondering whether it pays to sign up for both programs simultaneously. And the quick answer is: It depends....