Money School

Daily Finance: Retirement Tips for Mom

Posted by Jean

motherAccording to a new study, women have less money socked away for retirement than men — $41,000 less. Yet women will need more money than men during retirement, because we tend to live longer than our male counterparts. A 65-year-old man can expect to spend about $350,000 in healthcare costs over the rest of his life, while women will need $417,000. In my latest Daily Finance article, I tell you how to overcome this gap.