Allstate was running an ad awhile back that reminds us of some important facts:
The average woman spends 11 years out of the workforce taking care of family, costing her an average of $659,139 in earnings.
Wow! Considering that women live longer and make less money anyhow, this is quite scary!
How do they suggest remedying this problem? The following three suggestions are made:
1) Make every earning year count in the form of increased participation in 401(k) plans.
2) Promote Spousal IRAs.
3) Educate: Offer financial seminars for employees and spouses.
Please contact Dollars & Sense Education to bring our seminars to your company or organization!
Dollars & Sense Education – Raising Your Financial IQ!