Why Women Need a Retirement Strategy That Works

Explore why many women feel confident about retirement—but few have a plan—and discover simple steps to create a strategy that works.

Women are making unbelievable strides in the professional world: half of the U.S. college-educated workforce are women! And more women are in the Fortune 500 than ever before. While these are just some of the notable advancements of women in the recent past, retirement planning continues to be a challenge.

A study on Women’s Retirement Outlook showed that though 58% of women feel confident they’ll retire comfortably; just 20% have a documented retirement plan.¹ No matter where you stand, it’s not too late to get started or make necessary adjustments to your retirement strategy.

These tips can help you level up your current plan:

Build a Vision

Picture what your ideal retirement looks like—what would you love to do? Where and how would you like to live? Whether it’s traveling, volunteering, starting a new hobby, or simply enjoying more time with loved ones, creating a clear vision can help you determine how much money you’ll need. When your goals are specific, it’s easier to build a strategy—and stay motivated along the way.

Know Your Options

There are many types of investments to choose from based on your risk tolerance, needs and timeline. Learn more about financial products to build confidence in how they support your retirement goals. Understand the significance of risk and how it relates to potential returns. It’s not enough to just own a list of stocks and bonds; it’s essential to understand how they can work together to potentially protect and grow your wealth.

Consider using a retirement savings calculator to explore when you should begin saving and how your timeline impacts your goals.

Diversify

Asset diversification is designed to smooth out the bumps over the long term while helping minimize the lows and taking advantage of more of the highs. In a nutshell, don’t put all your eggs in one stock- or bond-shaped basket.

Partner with a Pro

Our experienced team understands that planning for the next twenty or thirty years can feel intimidating, and it’s easy to put it off until ‘later’ becomes too late! Let’s talk now and make sure you’re capitalizing on the most critical asset you have – time!

Retirement planning is one of the most impactful things you can do throughout your life. For something this important, sometimes it makes sense to seek a second opinion on your existing plan. If there’s a specific area in your financial plan you think could be improved, meet with a financial advisor at Forward to get a second look.

_{1 Transamerica Center for Retirement Studies, Women & Retirement Report, 2024.
The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG, LLC, is not affiliated with the named broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security. Copyright 2025 FMG Suite.}