Use our answers to help you take charge of your financial future
YOUR MONEY SHOULD BE WORKING HARD to help you create a secure financial future. That’s true for everyone — but maximizing your financial power is even more important if you’re a woman. According to Lorna Sabbia, head of Retirement & Personal Wealth Solutions at Bank of America, women need to take several unique factors into account as they plot out their financial future: the likelihood they won’t be paid as highly as their male counterparts, possible career breaks to take care of family, higher health care costs and a good chance of a longer retirement due to the greater life expectancy of women than men.
“For all these reasons,” Sabbia says, “women should pay careful attention to every financial decision they make.” Use the following questions — and answers — as a starting point for thinking about how you can seize the opportunities available to you and put your money to best use at every stage of your life.
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