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Ah, the golden years! Time to rest, relax, and enjoy the fruits of a hard-working life well lived in our beautiful corner of the world here in Naperville. Many of us moved here because of the city’s reputation as a wonderful place to raise a family. After years of carpools, playdates, curriculum nights and sports seasons, a Naperville mom may look forward with relief to freedom from caring for others. Yet it’s vital during all those years of nurturing to make sure you spend some time looking out for yourself and your own future. True enjoyment of those golden years won’t come cheap. With a longer life expectancy than men, women might have more years of retirement to relish, but they’ll also have more years to finance. In general, women are not as prepared for retirement as men. A number of factors contribute to this. First of all, there is the ever-maddening fact that women still earn less than men in similar jobs. They are also more likely to put career and advancement on hold while raising a family, giving them a shorter cumulative earning time. Also, women tend to put others first; they will take care of the rest of the family’s needs before their own. Too often, they postpone their Naperville retirement planning or leave themselves completely out of it. This makes women in general much more susceptible to financial travails when calamity strikes. It’s particularly devastating when circumstances thrust her into a financial-planning mode that she’s unprepared for. A sudden death, an unexpected divorce, or a long-term illness can absorb all of one’s thoughts and energies. In the midst of crisis is not the time to begin planning. Instead, a woman should get involved early in the family’s financial planning, even if it means squeezing it in between loads of laundry and trips to the grocery store. She should ensure that she is covered separately from her husband and that she doesn’t put her own needs and plans constantly behind the rest of the family’s. Even if her husband generally takes care of the bills, a woman may want to utilize professional Naperville financial planning services to help map out her own future. Professional advice can help a woman avoid the pitfalls of approaching money planning too cautiously or ambivalently. A little time and effort early on can help women look forward to their golden years with enthusiasm, rather than trepidation.
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