4-minute Money Ideas

By Douglas Goldstein, CFP® Regardless of the more modern way people look at gender, there are significant differences in how men and women should invest their money. Here’s why: Women’s pensions tend to be smaller Women’s pension payouts tend to be lower than men’s payouts, because most women work fewer hours and have lower salaries than their male counterparts. Even though “paternity leave” is becoming more common, most women still take additional non-paid time after having a baby. And, when they return to work, they may return to a part-time position. All this means a lower salary, and a proportionately lower contribution to a pension fund. Women live longer than men In Israel, the average lifespan of a man is 81 years, while a woman’s life expectancy is 84. In the United States, average life expectancy for a man is 76 and for a woman 81. As women generally retire earlier than men and live longer, this means a lengthier retirement and more bills. Furthermore, if a pension doesn’t increase with inflation, th