Money is often a sore subject among women, especially since females are still overwhelmingly underpaid compared to their similarly qualified male counterparts. And when it comes to managing investments and long-term planning, many women lack confidence in their ability to get the job done. It’s no wonder that 61% would rather discuss their own death than delve into money matters with associates and friends, per a recent report by Merrill Lynch and Age Wave.
Still, it pays for women to be more open about their financial needs and concerns, especially when it comes to retirement. That’s because women generally live longer than men, and as such, they are more likely to be in a position where they’re required to manage their families’ wealth on their own. And the sooner they get the skills and confidence they need to pull that off, the more secure about money they’ll feel.
Though money is hardly a comfortable thing to talk about out loud, if you’re concerned about your future, it’s imperative that you discuss it with the right people. With any luck, doing so will help put your mind at ease while giving you a solid plan of attack to secure a comfortable retirement.