How’s your retirement plan holding up? If you are a woman, you’re probably having more difficulty with retirement plans than your male counterparts and will need to speak to a retirement planning advisor as soon as possible!

Despite advances, women still face lower average salaries – 82 percent of the average man’s salary, according to the Pew Research Center.

Fewer working years on average, often due to time off for child care or family responsibilities, adds to the difficulty of earning sufficient income for retirement savings.

Here are five areas that seem to be most challenging for women approaching retirement, according to the recent edition of the Transamerica Retirement Survey of American Workers.
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New Survey Shows a Bad Combination of Skepticism and Dependence

Are you counting on Social Security for most of your retirement funds – and if so, how comfortable are you that the funds will be there at retirement?

According to the recent Transamerica Retirement Survey of Workers, you probably aren’t comfortable at all.

A surprising 76 percent of survey respondents are concerned that Social Security won’t be there when they retire – including 65 percent of baby boomers, the generation entering their retirement years.
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Why do millennials live with their parents more than any other generation does?

It’s logical that younger generations are more likely to live with their parents in a non-caretaker capacity, even in the best of times.

Millennials suffered the added indignity of coming of age during one of the worst recessions in history while dealing with prohibitive student loan debt.
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