Whitman County Gazette - Serving Whitman County since 1877

Savvy Senior: Retirement Planning Tips for Single Women

 

August 16, 2018



Dear Savvy Senior,

What retirement planning tips can you recommend to single women? I’m 54 and divorced with a teenage daughter and very little saved for retirement.

--Financially Behind

Dear Behind,

It’s an unfortunate reality, but most single women – whether they’re divorced, widowed or never married – face much greater financial challenges in retirement than men. Why?

Because women earn less money – about 80 cents for every dollar that men make, on average, and they have shorter working careers than men due to raising c...



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