Affected by COVID-19? We've pulled together a few resources to help during this unprecedented situation. Learn more about how to handle COVID-19 here.

If you are a woman living in America, you need to start saving for retirement. Although retirement savings concern all Americans, women in particular need to increase their savings. Here are some of the reasons why:
  • Females And Traditional Roles. Women, in general, are in and out of the workforce throughout their professional lives more often than men, mainly because of their traditional roles as mothers and caregivers. If you fit this profile (at some point, most women do), living up to those roles makes a big difference in how much money you’re able to put into retirement savings plans. It affects the benefits you get from employers and lowers Social Security and pension benefits as well.
  • Approach to Retirement. Whether women are less money-oriented is highly debatable; however, experts have found that women’s views of retirement often differ significantly from their male counterparts. According to a recent survey, women think of retirement in terms of lifestyle more than in terms of money, while men focus on a certain dollar amount they have to reach. This gives men, on average, double the savings that women manage to put away for retirement.
  • Income And Life Expectancy. Whether you like it or not, numbers don’t lie: women make some 0.70 cents on every dollar that men make. Put plainly, women have less income to work with. Their expenses, necessities, savings, and bills have to be funded from lower earnings than those of men and for longer periods of time (women live five years longer than men on average).
Rather than forgoing your childbearing and caregiver roles, engage in financial programs and benefits once you are back on the job; continue contributing to retirement plans and towards a personal savings account. Being out of the workforce, for whatever reason, should not mean your savings should stop — saving is always the best retirement plan. Keep an alternative financial source of funds that allows you to cope with difficult or unexpected situations. Online payday loans provide you with enough cash to quickly take care of emergency expenses. Payday loans are deposited into your personal bank account about 24 hours after you apply, which makes them a great emergency cash option for unexpected scenarios — both now and during retirement. If you feel like your retirement savings plan could use some work, a good first step is to set concrete financial goals for yourself to reach. Having a lifestyle plan is great, but combining it with a set financial goal is even better. Lastly, embrace every opportunity to increase your retirement income. That way you’ll be able to live fully without worrying about running out of savings during your golden years.

10 Payday Loan Benefits and How They Can Work For You

Read More

What are the Advantages to Working With a Direct Lender?

Read More

About Check Into Cash

Check Into Cash specializes in small-loan lending with Payday, Installment, Title Loans, and more, depending on your state.

It’s Quick, Easy & Confidential®  to get the cash you need today. We reach over 25 states with more than 650 store locations and easy online lending, too.

Popular Articles

How To Get Water Turned Back on After a Shut Off

Read More

Can't Afford Childcare? Here are 9 Tips for Working Parents

Read More

Jobs That Pay You Cash the Same Day You Work

Read More

CIC on Facebook

2 days ago

Check Into Cash
💪🏽 You are courageous. And there's nothing more brave than asking for help.Remember, EVERYONE needs a lift from time to time. Find helpful funds today at ... See MoreSee Less

4 days ago

Check Into Cash
🌎 If you haven't entered our greenest giveaway today, what are you waiting for? Enter daily for a better shot at winning one of three $500 cash prizes, and do something to help the planet. This giveaway lasts until Earth Day, April 22, 2021. Enter every day until then at Restrictions apply - see rules for details. ... See MoreSee Less

2 weeks ago

Check Into Cash
🌎 This Earth Day, we're giving back to THREE lucky winners so they can give back to the planet. Enter our Earth Day Every Day Giveaway for a shot at winning one of three $500 cash prizes, and then you can do something to give back. This giveaway lasts until Earth Day, April 22, 2021. Enter daily at apply - see rules for details. ... See MoreSee Less

The information provided on this website does not, and is not intended to, constitute legal or financial advice. Rather, all information, content, and materials available on this site are only meant for general informational purposes. Information on this website may not include the most up-to-date legal, financial or other information. This website contains links to other third-party websites. Such links are only for the convenience of the reader, user or browser. We do not recommend or endorse the contents of the third-party sites nor are the owners of such third-party sites recommending or endorsing our services. Check Into Cash is not affiliated with nor endorsed by any of the websites, companies or entities mentioned in this blog. See a licensed attorney for legal advice and see a certified public accountant or financial planner for financial advice. No reader, user, or browser of this site should act or refrain from acting on the basis of information on this site without first seeking professional advice. All liability with respect to actions taken or not taken based on the contents of this site are hereby expressly disclaimed. The content on this posting is provided “as is,” and no representations are made that the content is error-free.