Have I got a book for you.
Mary Hunt’s “The Smart Woman’s Guide to Planning For Retirement” is designed for women of all ages. Yes, I’m looking at the 40- and 50-somethings who don’t really have a clear plan except, “I hope Social Security isn’t gutted by the time I retire.”
According to the U.S. Department of Labor, 55 percent of women have no savings at all and thus depend entirely on Social Security. Since the average monthly check is $1,130, that would be like working for $6.40 an hour, the author notes: “Could you live on that?”
Those who retire with some savings don’t fare much better. The average account has less than $30,000 in it; assuming you live to 85, it works out to just an additional $125 a month.
Want to take charge of your own finances? Enter for a chance to win a copy of this book.
Yes, it can be difficult to set money aside in a down economy, especially if your personal economy has gone way down. But it is possible. Not easy, necessarily, but absolutely essential.
“If you feel fearful, undisciplined or uneducated when it comes to managing your money, you can change all that,” says Hunt, author of many books and the popular Debt-Proof Living website.
Her newest book is designed to help such women develop “a strong resolve to (plan retirement) no matter how difficult it may seem. Doing so might just save you from years of misery and poverty.”
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If you do any (or all!) of these things, please leave separate, additional comments to get credit for each entry.
The deadline to enter is 7 p.m. PST Tuesday, Feb. 11. If I don’t hear back from the winners by 10 p.m. PST Wednesday, Feb. 12, I’ll pick a new winner.
Note: Due to the high cost of international shipping, a winner who lives outside the United States will be given an Amazon gift card