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While the gap shifts based on age, race and other factors, the harsh truth is, when planning for retirement, most women have to work harder to save the same amount as men. While we work on changing this reality for our daughters, women can also take steps now to ensure they’re ready for whatever comes their way in retirement.
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The number of Baby boomers re-entering the workforce reached a five year high in 2023, and this trend doesn’t seem to be stopping this year. of retirees exited retirement in 2023. As more baby boomers rejoin the workforce, they are also inadvertently redefining what retirement is. The data shows 13.2%
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A turbulent housing market: 2023 was the most expensive home-buying year in a decade. In the long run, this ignorance is bliss mentality only leads to more problems, whether it’s mounting credit card debt or puny retirement funds. If you ignore the data, you can get caught in lifestyle creep,” he says.
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