Planning for retirement is a challenge, no matter who you are. However women face a series of unique obstacles when trying to put enough money away for later in life: Women live an average of seven years longer than men, which means we need more money for retirement. Women often have children and spend more time out of the workforce – five years off work can equal $150,000 of lost income. Women earn only 73% as much as men over the course of their lives. Median income for men is, on average, about $10,000 more than women, according to the U.S. Census. This income disparity is a $10,000/year handicap, or $400,000 over 40 years. These factors are amplified by any down turn in the economy. Every American is faced with less disposable income, the possibility of job loss, fewer available jobs, decreased home value and a higher cost for essentials. So, what can you do? Make an effort to start planning your financial future as early as possible but remember, it's never too late to start devel
