It’s also hard for women to set aside money for themselves when they also have family issues, such as college loans, to address.”All of a sudden, one day you wake up and you’re old and you haven’t done the savings that you wish you had,” Rix says. “But time is running out.”But women have some advantages. Even if they don’t earn as much as men, they tend to put their savings into safer, more diversified investments.
“Men, more so than women, want to throw a dart at a business section and pick a stock that goes up 15% a year,” says Jerry Verseput, a fee-only financial planner at Veripax Financial Management in Folsom, Calif. “Women have a more realistic sense of what they can glean from the market.”
Women deal with the Wall Street bullies much better than men. They understand that if you properly diversify and remain disciplined you will be rewarded. These women really have less to worry about than their male counterparts.
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