Investing is a variable experience. It varies according to your goals, your profile, and a host of other factors. As a woman in your 40s or 50s, those factors may include experiences unique to your demographic. Think about all the women you know who have children to put through college; or have lost a job or had a spouse who lost a job; or who have lost a spouse – most often on purpose! For many women, these common experiences add a layer of uncertainty in their financial world, and for some, cause them to wonder if they’ll ever be able to retire. But, I am here to reassure you that you can find a way to retire, and enjoy your life in the meantime too.
Have you heard the ‘70% rule’? Not that you need to eat 70% free-range, organic, veggies (though I’m sure that rule is floating around out there). I’m talking about the idea that you’ll need 70% of your working income to live comfortably when you reach retirement. Although that ‘70% rule’ docks on some individual shores, it doesn’t apply to everyone.