OPINION | What are the best options for women who retire?: Serena Williams’ exist from professional tennis calls into question the persistent unequal pay scenario
Retirement is an inevitable part of working life despite the different approaches to retirement. Recently, tennis superstar Serena Williams announced her retirement, expressing the difficulty of moving on from the sport she loved. She was hesitant to use the word “retirement” and rather called it an “evolution” away from tennis, summing up the mixed feelings that often accompany closing one chapter as we move to another.
The World Economic Forum released its 16th Global Gender Pay Gap report that showed the improvement of the overall gender disparity across politics, work, health and education, but stating that it will take 132 years to reach full parity — compared to 136 years as reported last year. Maybe Williams is right about time. Things are changing but not fast enough.
But the issue of equal pay and equal work doesn’t just put women on the back foot in their careers, it also sets up a weaker play for when they retire. This is because when they earn less than their male colleagues, they save and contribute less to retirement vehicles designed to help them at the tail end of their lives.from the National Institute of Retirement Security in the US researched the retirement gender gap and its effects.
One of the ways in which the company I work for is empowering employees is through our employee benefits explained dictionary: a glossary of terms that help to demystify complex financial terms and concepts.As women, we may experience various milestones, such as getting married, being pregnant, buying a new car and so forth. At every milestone, it would be prudent to get sound advice on how to adjust your budget and your retirement plans.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
JEAN PIERRE VERSTER: Add a bourse to your watchlistThe one entity guaranteed to make money whether a market rises or falls is the stock exchange. We round up some options, writes JP_Verster.
Read more »
Massmart will shut unprofitable Cambridge if sale to Shoprite is blockedCEO Mitchell Slape says if the group cannot sell the stores, it would be a more attractive option to ‘write a cheque to exit the business’
Read more »
JEAN PIERRE VERSTER: Add a bourse to your watchlistThe one entity guaranteed to make money whether a market rises or falls is the stock exchange. We round up some options, writes JP_Verster.
Read more »
Massmart will shut unprofitable Cambridge if sale to Shoprite is blockedCEO Mitchell Slape says if the group cannot sell the stores, it would be a more attractive option to ‘write a cheque to exit the business’
Read more »