When It Comes to Managing Their Finances, Women Trail Men

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When It Comes to Managing Their Finances, Women Trail Men

Jun 14, 2012

Research shows that women not only earn less at work and are more likely to take time off to care for children, they also incur lost wages of an average of $143,000 because of having to care for an adult. That compares to $89,000 in lost wages for men, according to Eleanor Blayney, [CFP®,] consumer advocate for the Certified Financial Planner Board of Standards Inc. and president of Directions for Women, a consulting firm.

All these financial factors make it more difficult for women to save enough for retirement. "Retirement is a gender issue and women need more financial security," Ms. Blayney said. Read more >

Investment News
Liz Skinner
June 14, 2012

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Anyone can call themselves a “financial planner.” Only professionals who meet CFP Board’s rigorous standards can call themselves CERTIFIED FINANCIAL PLANNER™ professionals.
The 2013 Household Financial Planning Survey shows that those with a financial plan feel more confident and report more success managing money, savings and investments than those without a plan.
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