How Divorced Women Can Plan for Retirement and Succeed

By Jeff Landers via

All women face significant obstacles to achieving a financially healthy retirement. But while married women have the comfort of being part of a team that is planning to retire together, divorced women are solely responsible for their own financial well-being into their later years. That means that for divorced women, the financial challenges posed by retirement are both multiplied and magnified.

For example, if you are a divorcing or divorced woman planning retirement, you will have to face the hurdles such as:


The Social Security Administration reports that a man reaching age 65 today can expect to live, on average, until age 84.3. For women, that average life expectancy is 86.6. Women live longer than men; therefore, their retirements can be expected to last longer and cost more. That means you’ll need to have more money saved.

Less Income

The gender wage gap is a real thing. Women earn an average of 77 cents for every dollar earned by men. Earning less means not only do women have less money available to set aside for retirement, but also that their Social Security benefits will be significantly less than what their male counterparts will receive.

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