The global coronavirus pandemic has created unprecedented challenges for our families and communities. Many are wondering how we can make an impact during this time of uncertainty. Read on or watch the recorded webinar with Evergreen’s Senior Financial Planner, Katie Vercio, CFP®, CDFA® and Schwab Charitable’s Managing Director, Julia Reed, covering the most important topics for those seeking to make a difference during this crisis.
Should men and women be investing differently?
I don’t think that men and women need to invest differently to achieve their goals, but I think that many women have biases to overcome which can hinder their financial success. One of the biggest things that I see is that women are not comfortable investing,
Women face severe headwinds when planning for retirement. They often earn less money (approximately 80 cents for every dollar that men make) and have shorter working careers due to raising children and/or caring for aging parents. Less money earned translates into less money saved and lower Social Security benefits. On top of that, women also tend to live longer than men. Combined, these factors put women at greater risk to outlive their retirement savings.