Today women are finding greater equality in all areas of life, except retirement. From school to work women are earning more college degrees and making more money on the job than they used to. In fact, in 2012, 29% of women out earned their husbands and this number continues to rise.

Unfortunately, the one area where women still lag behind men is with their retirement. In 2013, the average women had about $50K less saved for retirement then a man the same age. In most instances, women should be more focused on retirement, as they will normally retire sooner and be responsible for parental care.

The good news is, it’s never too late to start planning for retirement! In many cases women actually have advantages over men when it comes to investing. A recent study in USA Today noted women tend to be better investors than men for a few reasons. First, they tend to focus on longer-term, non-monetary goals. While retirement planning is about money, it’s also about where you want to be in life at a certain time. Once you know that, you can start to plan finances. Another reason women tend to make better investors is that the are more likely to ask for direction if they are unsure or new to something. Lastly, with this new found knowledge, women are more thorough and spend more time making important decisions. These are all great qualities for an investor to possess.

You have Unique Financial Challenges