Sponsored Content While meeting with a Grant and Susan* a few weeks ago, we were reviewing their spending and one of the biggest items was the amount they were spending on their daughter’s rent. To be fair, their daughter was in second year university in a pandemic, but this rent payment was going to be a big component affecting when Grant and Susan could retire. So, I pointed out that she had a lot more time to pay down a debt gained during school than they had time to recover to fund their retirement. As parents, guardians and grandparents, we often have this desire to support and help our children. We want them to be successful and are willing to go above and beyond to do so. But what if, the above and beyond, was setting you back and you didn’t even know it. Some parents have a desire to

Sponsored Content Executive Summary Retirement Planning is not the same for both women and men. Like most aspects of life, women face unique hurdles and risks that do not affect their male counterparts. These risks include outliving their money, earning less but having more financial obligation, and, for some, an aversion to taking risks with their money. What You Need to Know 1. Longevity On average, women live five years longer than men. This can have a big impact on the amount of money women need save for retirement. Women also tend to underestimate how long they will live for. Many women live into their 90s, but only plan to live into their 70s, leaving too much life at the end of their money. It’s clear that longevity is one of the biggest risks, if not the biggest risk, women face when it comes to their finances. Women, on average,

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