Women, more than men, doubt their abilities to make financial decisions. As a result women often let their husbands, partners, or significant others handle planning for retirement or investing in the stock market, studies show.
But 2020 is as good a time as any to change that, says Jeannette Bajalia, a retirement-income planner, founder of Woman's Worth®, and the author of such financial books as Wise Up, Women and Retirement Done Right.
"Most women are going to be responsible for managing their money at some time in their lives," Bajalia says. "They will be widowed or divorced, and at that point are going to have a steep learning curve if they always left the investing responsibilities to others."
For A More Secure Financial Future, Bajalia Suggests:
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"Sadly, most Americans spend more time planning a two-week vacation than they do planning their financial futures," Bajalia says. "Women who want a quality lifestyle in retirement need to put themselves in control of their own financial destinies, and the sooner the better."
WRITTEN BY
SWAAY Editorial