Single women face unique challenges when planning for retirement, so I asked an expert for help.
Plus, women are often put in a caregiving role, which means time off from work — and not contributing regularly to retirement funds.
So how can single women like me juggle with inflation, a higher cost of living, dwindling income, and the gender wage gap to be on track for retirement?
I asked Marie Thomasson, a certified financial planner and founder of Modern Assets, an LA-based financial advisory firm for independent, progressive women, for tips on how single women can steer the course and make sure they're on track with their goals for retirement planning.
Reassess your retirement accountsOnce you have your financial bases covered, you can venture into investing and retirement planning, says Thomasson.
Persons:
Marie Thomasson, —, I've, Thomasson, hadn't, doesn't, aren't, Amanda Holden's, Simran Kaur's, Erin Lowry's, Tonya Rapley's, Tiffany, We're
Organizations:
Service, Modern Assets, Research, Pew
Locations:
LA, YOLO