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Do Women need retirement planning more than Men

Submited by- Team Sitagita on 15 Jun, 2012 CAREER  WORKING WOMEN  

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Do Women need retirement planning more than Men

Men and women today though share the equal platform but there still exist lot many provinces where women are still not bestowed with the privileges, which they should be procuring.

Several rebels and campaigns have earned the female a ground to saunter in professional world, the privilege should not only be till the time they earn but should be levied even when they retire. Statistics speaks for the women when it comes to retirement plans. Dearth of adequate facilities for women when they retire imposes sundry complications to be confronted by the females once they lose their jobs or quit in later ages.

Women believe in the stereotypes that their spouse social security, pension plans would benefit them in the end but this is just a myth and the stereotype that needs to be broken with a hammer to illuminate today’s scenarios before women.
 
Household responsibility: - The journey of the lady from biscuit to bride is full of responsibilities, right from the day she is born to the day she is married and reproduces herself; she keeps on playing her role silently. In this run she hardly gets time to decide about her retirement plans. She remains riveted entirely in her household job, half of her age she devotes to house work and the rest when she earns , her job pay is usually low, apart from this managing house expenses hardly allow her to save or invest a penny somewhere.

Glass ceiling: - Despite long fight to make a space for women in public sector and private ones, glass ceiling still exist in many organizations, this glass layer doesn’t let females to rise up to the higher positions in the organization due to which they earn menial amount, which hardly get their expenses paid. Contradictory men swell up to wealthier positions and invest to secure their future.

Life expectancy rate: - The life expectancy of women is probably higher than men, hence they tend to live for a longer time phase but due to less opportunities at their discretion to invest or being engrossed in their daily chores of nourishing their families and children they hardly get time to think about the best they can do for themselves in later stages.

Though women pays have been raised by the government in recent years so that they can help themselves to meet their end expenses but the retirement years for working females should also be more so that they can invest more for later years and need not to be a dependent soul. It is not the truth that women are not wise to deal with monetary numbers, they are equally proficient. In the longer run, as women tend to live for a higher age than men, women needs to get involved in how the family money being saved, how the money is invested and how the investment doing over phases, also what are the investment plans which can virtually help her even after her spouse support is no more so that she can live a healthier life till she breathes her last.

 

Tags : Life, retired, women, ladies, women, resposibility

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