According to a 2004 report released by the Federal Reserve, only 35 percent of single women had retirement accounts, and only 8 percent had traditional pensions.
YIKES!!!!! Do you fit into this category? We all know there is no hope for ‘traditional’ pensions for those of us in our 30’s so if you were hoping for that, think again. Ladies, it’s time to get serious about protecting our own financial future! Based on the above statistic, that means 65% of us do not have retirement accounts! What in the world are we doing with our money?!
I can tell you what. Spending it in other areas that do nothing to build wealth for ourselves! Do you think in 5 years or 10 years you will remember the designer jeans you had to have or the trip to the nail salon? No. But your retirement account will miss what you could have put in there.
Don’t be a statistic. Start putting money aside today in some sort of retirement account, preferably one you can manage on your own. Start small at first if you have to but put something aside monthly to save for your future.
What can you do today?
- Find extra money in your budget by cutting something you don’t need out.
- Start researching retirement accounts
- Invest in your future!