More women are working and taking charge of their own retirement planning than ever before. What does retirement mean to you? Do you dream of traveling? Pursuing a hobby? Volunteering your time, or starting a new career or business? Simply enjoying more time with your grandchildren? Whatever your goal, you’ll need a retirement income plan that’s designed to support the retirement lifestyle that you envision, and minimize the risk that you’ll outlive your savings.
Start with a realistic assessment of how much you’ll need to save. An online retirement savings goal-setting calculator can help. If the figure is substantial, don’t be discouraged — the most important thing is to begin saving now.