Sponsored by the American Retirement Association, Women’s Retirement Security Day is recognized on the second Tuesday of July.

How confident do you feel about your retirement security?

In a current survey conducted by BPAS, 48% of women indicated that they are somewhat or very confident in their retirement security, compared to 68% of men.

Haven’t completed the survey yet? We’d love to hear from you! Please click here; full results will be released this fall.

Prepare for a secure retirement.

  1. Review your current financial status. Gather recent financial statements or go online and check your account balance, current contribution rate, and investment allocation.
  2. Run a retirement calculation. The Retirement Income Calculator will project a monthly income based upon your current status. If you’d like a more customized calculation, log into your account and access the Mile Marker.
  3. Assess your investment strategy. Learning more about your investment options and your comfort level with risk and return may help you feel more financially confident in your retirement planning. Take a risk tolerance quiz and learn more about the investments available in your account. Still unsure? Contact us or your employer who will point you in the direction of additional resources!
  4. The power of 1. Try a retirement calculator again, making a small change. Input a 1% higher contribution rate, add an extra year to your retirement date – what does that do to your projections? Would a small change now be feasible for your long-term planning?
  5. Change the conversation. Only 17% of women frequently discuss financial matters with family and close friends.* Through honest conversations, you may help yourself, and others, find a comfort level with your retirement strategy.

*https://www.napa-net.org/news/2024/10/a-compendium-of-facts-about-womens-retirement-outlook/