Share this post in:
Preparing for retirement is never easy, but for women, it may be even harder. Almost one-third of women in the U.S. take time from the workforce due to parenting or caregiving demands, according to a report by TransAmerica Center for Retirement Studies. It may come as no surprise that women’s household retirement savings are around $23,000.
Only 12 percent of women believe they will retire early, according to the same TransAmerica study. Believe it or not, the power of preparing for retirement is in your hands. Small changes you make today will have a significant impact on your future and allow you to retire comfortably.
So what can you do today to get ready for tomorrow? Check out this video for 14 ways you can begin preparing for retirement now, no matter how old you are.
Bay Street Capital Holdings
Bay Street Capital Holdings is an independent investment advisory, wealth management, and financial planning firm headquartered in Palo Alto, CA. They manage portfolios with the goal of maintaining and increasing total assets and income with a high priority on managing total risk and volatility. Although many advisors may focus on maximizing returns, they place a higher priority on managing total risk and volatility.
Our founder, William Huston founded Bay Street after 13 years of supporting the United States' largest retirement plan ($650B) Thrift Savings Plan. He is recognized as Investopedia’s Top 100 Financial Advisors for 2021. In California, only two black-owned firms out of nineteen firms received this recognition. In Scottsdale Arizona, Ekenna Anya-Gafu CFP, AAMS is recognized among the Best Financial Advisors for his responsiveness, friendliness, helpfulness, and detail. Bay Street was founded to advocate for diverse and emerging fund managers and entrepreneurs. In 2021, Bay Street was selected as a finalist out of over 900 firms across the US in the category of Asset Manager for Corporate Social Responsibility (CSR).
Would you like to plan better for your retirement, so that you’re not caught off guard when that time comes? Then get in touch with the financial experts at Bay Street and take charge of your future today!
