What The Elle - 🏖 Vespas, Golden Girling … you

SALLIE'S OPINION

Retirement for Women is Just Different

Retirement … sitting by the pool, gardening, puttering around. Rest, relaxation, retreat.

For men, retirement tends to represent “a final chapter.”

For women, well, our image of retirement is different. It’s freedom. It’s a new chapter. It can be traveling, hiking, pickleballing, or Golden Girling with your friends.

And after all of the caregiving and career-building and living-and-loving that we do, we damn well deserve the Monica-Vitti-on-a-Vespa of it all in retirement.

Now, let’s layer on a few cold, hard facts: Women have a narrower margin of error than men do, mostly because life events hit us harder. We take more career breaks. Our earning power plateaus earlier. (Hello, motherhood penalty / fatherhood bonus.) Our businesses are less likely to be funded. Our health care and caregiving costs are generally higher. And we’re saving less for our retirements. Oh, and we live longer.

So what can we do about this?

Read the rest

CEO AND CO-FOUNDER

💡 Retirement Tip of the Week

You may be asking yourself: How much do you need to save to retire? OK, as a guideline, each year, you should aim to stash at least 10% to 15% of your annual income in your retirement accounts. At Ellevest, we recommend saving up to 20% of your annual income, for retirement and other financial goals. (That percentage includes your 401(k) employer match, if you have one.)

PS: Your specific situation may vary from these guidelines ... and it's bound to change many times as you grow older. Booking time with a financial planner is one of the best things you can do for your future.

“It really unpacked things and helped me feel like I was making really informed decisions. So I'd recommend it to anyone who's doing retirement planning ... which should be anyone who's an adult.”

— Jessica, 43, from Kentucky, one of 3,508 women to work toward their retirement goals with an Ellevest financial planner. Want to see your name in the lights (er, newsletter)? We'd love to hear about your recent money win.

Tweet from Zach Silberberg that says, “when i was a kid i thought a 401k just meant that you had 401 thousand dollars. now that i'm older i know it doesn't mean that. i dont know what it DOES mean but i know it doesnt mean that.”

Scrolling, listening, and cheering

Motherly’s State of Motherhood survey suggests that the Great Resignation continues for moms with the number of stay-at-home moms having increased from 15% to 25% in the past year. In adjacent news, women are joining forces under one roof, using the age-old power of sisterhood to split the household bills and raise their children.
“Aging is the proof of living.” — 76-year-old Diane von Furstenberg dropped some serious wisdom on Julia Louis-Dreyfus’ podcast Wiser Than Me.
Call it a renaissance. Call it an era. Beyoncé and Taylor Swift are on track to break another record — the highest-grossing concerts of all-time.
To the people that are suddenly concerned about Naomi Osaka’s career … you might want to worry about allllll the significantly less accomplished men.
The very definition of “influencer.” 🩱

Let Ellevest reduce your money stress.

Get a financial plan

This week’s newsletter was brought to you channeling our inner Grace and Frankie. Forward it to your friends who know you’re never too old to start over.

MAGAZINE

STORE

DISCLOSURES

Testimonials were given by clients of Ellevest, Inc. Testimonials are representative of the client's views at the time collected, may not be representative of the experiences of other clients, and do not provide a guarantee of future performance success or a similar experience or services. No compensation was provided for these testimonials.

All opinions and views expressed by Ellevest are current as of the date of this writing, are for informational purposes only, and do not constitute or imply an endorsement of any third party’s products or services.

Information was obtained from third-party sources, which we believe to be reliable but are not guaranteed for accuracy or completeness.

The information provided should not be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities, and should not be considered specific legal, investment, or tax advice.

The information provided does not take into account the specific objectives, financial situation, or particular needs of any specific person.

Investing entails risk, including the possible loss of principal, and past performance is not predictive of future results.

Ellevest, Inc. is a SEC registered investment adviser. Ellevest fees and additional information can be found at www.ellevest.com.

Support |

Not a subscriber?

Key phrases

cold hard facts other financial goals

What The Elle - 🏖 Vespas, Golden Girling … you

Retirement for Women is Just Different

“It really unpacked things and helped me feel like I was making really informed decisions. So I'd recommend it to anyone who's doing retirement planning ... which should be anyone who's an adult.”

Let Ellevest reduce your money stress.

Key phrases

Older messages

🤖 Women, AI, and What’s at Stake

📌 Why Market Trends Don't Faze You

🧣Taylor Swift Knows Investing All Too Well

💐 Spring clean your finances

🎤 A message for male CEOs

You Might Also Like

🇺🇸 Europe vs. the US

Too much data

Will your debt burden your loved ones when you die?

Harry's Rant 5-3-24 Millennials Go Boom?

The Private Equity Machine

Panic Patterns - 1987, 2020 and 2024? {VIDEO}

62 Nuclear Plants Send Uranium Prices Soaring 74%

The $26 billion bid

🍏 Apple opened the books

Discover How Gold Can Shield Your Savings from Policy Effects