Women Can’t Build Wealth by Putting Themselves Last | Opinion
Summary
Women may contribute to retirement accounts without investing the money or understanding how it is allocated. Caregiving-related work interruptions and career choices can also reduce earnings and retirement savings, making financial planning important for individuals and families.Key Facts
- Contributing to an IRA does not necessarily mean the account’s money has been invested.
- A Merrill Lynch and Age Wave study found that 61 percent of women were more comfortable discussing their own death than money.
- The Federal Reserve’s 2025 household survey found that 37 percent of mothers living with children under 13 were not working for pay, compared with 18 percent of fathers.
- Among parents who were not working, 41 percent of mothers cited childcare responsibilities, compared with 25 percent of fathers.
- Career interruptions can reduce earnings, retirement contributions, and future salary growth.
- The article says retirement planning can include reviewing savings, investments, insurance, career decisions, and unexpected expenses.
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