FINANCIAL FOCUS
We all hope to retire comfortably. But once we reach retirement, we may need to adjust our expectations and behaviors somewhat in response to financial issues — and that’s especially true for women. So, if you’re a woman, what can you do to live a financially secure life when you retire?
To begin with, it’s useful to be aware of the scope of the challenge. Consider this: 50% of women have had to adopt a more frugal lifestyle in retirement, compared to 34% of men, according to a recent survey by Age Wave and Edward Jones. There’s certainly nothing wrong with frugality — you could spend two or three decades in retirement, so you’ll need to make your financial resources last. But, at the same time, you do want to enjoy your retirement years and take advantage of the opportunity to do things you may not have experienced when you were working full time.
