A Surprise About Gender And Saving Money

Also, check out the Women Institute for a Secure Retirement site which is chock full of practical advice.

So start saving. You will be grateful you did when you retire.

Tips from Beth Kobliner, author of Get A Financial Life:

Meet your match. Contribute at least enough to your 401(k) to meet your employer's match. Many companies will match up to 6 percent of your contribution, offering, on average, 50 cents for every $1 you put in. That's a great deal.
Go with a Roth. Once you reach your company's matching limit, consider opening a Roth IRA. As long as you make under $101,000 as a single person or $159,000 as part of a married couple, you can put away $5,000 a year ($6,000 if you are 50 years old or older). If you make more, you might still be able to save at least some money in a Roth.




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