Many people carry some uncertainty about their retirement finances, but women face a special set of challenges. In the United States, women can expect to live nearly six years longer than men1 and may earn less due to caregiving roles and pay inequity. Because women may earn less over a career, they can also be at a disadvantage when claiming Social Security, which is based on total earnings.

Why annuities are a powerful retirement strategy for single women

Women are not staying on the sidelines when it comes to their retirement planning, and being single is more common for women than ever. That shift is helping reshape retirement planning. 

Women are involved and proactive in seeking out new ways to ensure they’re ready for life after work and evaluating the impact of investments or career choices on their long-term financial planning. In many cases doing it independently can be both an opportunity and a challenge.

Many people carry some uncertainty about their retirement finances, but women face a special set of challenges. In the United States, women can expect to live nearly six years longer than men1 and may earn less due to caregiving roles and pay inequity. Because women may earn less over a career, they can also be at a disadvantage when claiming Social Security, which is based on total earnings.