I recently came across an article about why women should save more for retirement. Interesting I thought. So I kept reading.
The primary reason that we should save more is because we tend to outlive men. And the longer we live, the more we need in retirement savings. This means that it is important to start now and get ready for retirement.
How do you get started? Listed below are a few steps to get you on the right track:
- Understand your Social Security benefits statement. – Visit the US Social Security Administration website: www.ssa.gov for more information.
- Review your retirement plan statement for your 401(k) or 403(b) plan – A financial advisor is a great resource for helping you to review your plan.
- Open up an Individual Retirement Account – many banks offer IRAs to their customers. Financial advisors can also assist with this process.
- Visit www.choosetosave.org , www.mymoney.gov , or http://investor.gov and get started today with an investment and retirement plan.