Women and Retirement: Are You Saving Enough in your Self-Directed IRA?
A 2018 report from the retirement consulting firm, Aon, indicates that nearly three-quarters of women who expect to retire at age 67 will end up with about two-thirds the income they will need to live comfortably. In other words, retirement experts have calculated that they should have saved an amount equivalent to 11.6 times their last annual salary when, in fact, they are on track to end up with a much lower figure of 7.6 times their salary. This savings shortfall will leave women with two options: start saving more money immediately or delay retirement and continue working. This is where a Self-Directed IRA can help.