August 16, 2023
Retirement Planning Tips for Single Women
Dear Savvy Senior,
What retirement planning tips can you recommend to single women? I'm a divorced 58-year-old women with a teenaged son and have very little saved for retirement.
It's an unfortunate reality, but many single women – whether they're divorced, widowed or never married – face much greater financial challenges in retirement than men.
The reasons behind this are because women tend to earn less money – about 82 cents for every dollar that men make, on average, and they have shorter working...