A Personal Cost of Caregiving: Women Need to Protect THEIR Retirement Too!
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In an estimated 36.5 million households across the country, an adult is providing unpaid care to a family member.
Sixty-six percent of those caregivers are women, according to the “Caregiving in the U.S.” study by the National Alliance for Caregiving. Caregivers spend on average 20 hours each week providing care, leaving them with less time for paid work.
In sum, caregiving has serious financial consequences and it is important for women to understand the consequences and to take steps, whenever possible, to protect their retirement security.
What can be done to protect the retirement security. personal financial and retirement consequences experienced by caregivers who provide unpaid care to family members?
In "A Personal Cost of Caregiving: Women Need to Protect THEIR Retirement Too! by Cindy Hounsell, you will learn how:
- Female caregivers forfeit pay and benefits, pensions, miss out on opportunities for compounded returns on 401(k) matching contributions, and experience reduced savings and investments;
- 70 percent of caregivers experience disruptions in their job, including being late, leaving early, reducing work hours, leaving their jobs completely, and losing job benefits. These negative consequences are compounded by the reduced Social Security benefits available during retirement;
- To help women plan carefully before leaving a job/working part-time to caregive.
This on-demand webinar is a recording of a recent live webinar. Check our WEEKLY REBROADCAST SCHEDULE where there is no need to take the online quiz to receive CE. You may also take this on-demand course any time for 1 hr CFP®, CRC®, and other Continuing Education Credit when you pass the online quiz.
Your presenter is Cindy Hounsell, JD, President of WISER - Women and Retirement Advocate and Expert.
Meet Cindy Hounsell, JD – Women and Retirement Advocate and Expert
Retirement planning experience
An attorney and retirement expert, Ms. Hounsell has been widely quoted in various media and publications including The New York Times, The Wall Street Journal, Forbes/PBS Next Avenue, Barrons, U.S. News and World Report, CNN, CNBC and NPR’s 1A, All Things Considered, Morning Edition and Marketplace.
Ms. Hounsell also serves as Director of the National Resource Center on Women and Retirement; the Center WISER operates in partnership with the U.S. Administration on Aging. Through the Center, Ms. Hounsell provides technical assistance to national organizations and trains leaders and grassroots advocates across the country.
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