Written by Crystal Prachyl
Most often, women serve as the primary caregiver for a child, spouse, or other family member and because of this there may be gaps in savings. A woman is more likely to take a break in her career which restricts her ability to save. Make sure you stay involved with your finances when your spouse meets with a financial planner, attorney or CPA and there are funds being earmarked for your own retirement. Your working spouse may have the ability to open retirement accounts for you and this will help drive savings for this goal. Rebalancing once or twice a year is appropriate, no matter what your gender is. Women are more likely to put their goals lower down the list and choose to save for college or something her partner wishes to spend money on. Stay involved when goal planning and make sure you can achieve your personal goals with success. Knowledge is power!