News – Women Have a Double-Hit When Saving for Retirement

 

News – Women Have a Double-Hit When Saving for Retirement

Women Have a Double-Hit When Saving for Retirement

If you are a career woman who works as well as juggling the family with a husband, you are in the group that is known to have a significant double-hit when saving for retirement. If possible, there is even more reason to foster and strengthen your relationship with your husband, and work together as a team – you will both be better off in the long-run. If you see yourselves as providing for your individual future individually, you may be missing the fact that each of you have strengths and abilities – it is better to work together and support those strengths, rather than compete and compare with each other. A woman’s natural nurturing ability is a win for your family unit and your relatives, rather than a disadvantage for the woman, despite reports that paint a grim picture.

Take for example an article by Laura Millan who writes in Financial Standard:Middle-aged women may be twice as disadvantaged as men when it comes to accumulating superannuation savings for their retirement, as they not only take a break from work to have children but also take on the role of caring for their parents later in their life. ‘Women are being hit with a double burden,’ Equity Trustees head of Private Wealth Services Geoffrey Rimmer said. While there has been an intense debate over the fact that women pause contributions to their superannuation when they leave work to have children, there is little being said around the issue of middle-aged women having to take care of their older parents.” More HERE.

So where do you sit? Add your comment to the discussion – do you view your relationship as a team, or are you concerned that you need to be secure in case separation leaves you by yourself?

Interested to know what self-managed super (SMSF) is all about, how to get setup FREE and if it is for you? We have FREE seminars and bonuses every month – Self Managed Super Fund Roadmap (all you need to know) see 1 SMSF – FREE Seminars  or call us 0407 361 596

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