There is a greater likelihood a woman will be caregivers to her aging parents or even their spouses. During the pandemic, women left their jobs more often than men.
#2 Women Need To Negotiate
Negotiating skills are essential and don’t always come naturally for a woman. Speak up early and often at your interview. That’s when you have the most leverage.
# 3 Saving for Retirement Early
Begin to save money for retirement through your company’s sponsored 401K plan. While you may want to set aside a smaller amount initially, aim to at least contribute the amount needed
# 5 If Married, Both Spouses Should Save For Retirement
Both spouses need to share household duties. Division of labor in the home is essential to grocery shopping, cleaning the dishes, doing the laundry, and putting the kids to bed.
Women can achieve financial independence by being more proactive about money. They should take control over their finances: how they earn, save, invest and manage their finances.