Motivating Women to Invest
frenchrobinson1 | February 8, 2010Women need to save and plan for retirement; unfortunately, we know that many women do not adequately prepare for retirement. Many women believe a major obstacle to investing is the lack of dollars to invest. Even $20 dollars each week from your paycheck will build your nest egg for retirement.
Start to save using payroll deduction through work or transfer $20 to your savings account from your checking account each week. Once you have saved $100 open a CD account at your bank or talk to a broker who invests money. Check out this website to help women become more comfortable with saving and investing www.retirewell.uiuc.edu look under the Plan Well, Retire Well section.
Source: Cora French-Robinson, CFLE
Great topic. One option for investing is to defer small amounts of before-tax compensation at work which automatically puts the money into an account. Human Resources can give you direction for that. Also, this blog seems like a great place to post this link for the Ohio Women’s Summit, http://www.ohiowomen2010.org/, received from OSU Leadership Center. It looks like a great national event here in Ohio.