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Why IS Planning for Retirement Different for Women?

March 22, 2016 by Marcia Mantell

Every now and again I get an email out of the clear blue from someone I don’t know. After making sure it’s not spam, I take a look.  Not long ago, the editor of another website contacted me. She asked me to be a guest blogger for their retirement site, Retirement & Good Living. They had seen my first book, What’s the Deal with® …Retirement Planning for Women?, and asked that I write about a retirement topic.  What a nice compliment!

image of blog where I contributed an article about women planning for retirement
Web page for RetirementandGoodLiving .com. Check out their other blogs and information.

I wanted to get right to the big question:  Why IS planning for retirement different for women?  This question attracts a lot of attention today and the answer can often be vague.  In a nutshell, here’s how I answer it:

• 12,775

This is the number of dinners women have made over the last 35 years, or will make by the time they reach about age 60. Using valuable time in the day, and before you’re too tired, to deal with the mundane such as dinner takes away from more important things like learning about money, investing, and financing for their futures.

• 66.2%

The bottom line is that most people who reach old age are women. There is a significant population shift that occurs after age 65 in America—more women outlive men. But, most woman say they are not financially prepared for years of managing finances on their own.

• $1,043

The average Social Security payment for women in 2015 is $1,043 per month. That’s only $12,520 per year. Are you surprised by this number? Could you live well on this amount of money each month in retirement?

Read my guest post for more details

For a more in-depth explanation of these unusual numbers and specifically what they mean to women, their loved ones, and their retirement planning, read my guest post.

Why do you think retirement planning is different for women? Or do you? Please share your thoughts and ideas.

You’ll find a lot more great information and tips for owning your own retirement in my first book available on Amazon.

Happy reading!

Filed Under: For Women Tagged With: retirement planning, women and retirement

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Marcia’s Retirement Kitchen

Marcia's Retirement Kitchen

What’s Cookin’?

If your kitchen is anything like mine, it’s the place everyone gathers to talk about their day, share special moments, and ask important questions. And to see what’s cooking.

For me, there is a strong connection between preparing meals and planning retirement. Both need certain ingredients, recipes to follow, and getting the timing just right.

My motto to live by: If you can make a lasagna, you can create a plan for retirement.

Look for an invitation to join me at my kitchen table where retirement is always on the menu.

More coming soon…

Books by Marcia

Marcia Mantell of Boomer Retirement Briefs

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Don’t forget that planning your retirement is not a weekend project. These books can help you get a good start. Order your copy on Amazon or Barnes & Noble.

retirement planning for womenWhat’s the Deal with Retirement for Women?

What’s the Deal with Social Security For Women?

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About Boomer Retirement Briefs

Boomer Retirement Briefs Blog

Reinventing Retirement?

Boomer Retirement Briefs is where readers go for fun ideas and new ways of thinking about retirement.

As an author, speaker, and presenter, I meet so many interesting people at different stages of retirement. I am always fascinated with their innovative ideas and inspired approaches.

Flip through these blog posts and you’ll find:

  • Fun stories about real Boomers redesigning retirement;
  • Technical retirement stuff in plain language; and,
  • Lots of free resources to download and use.