Caregiving and Longevity

Regina McCann Hess |

There’s a lot to be said regarding caregiving and longevity when navigating income, savings, and retirement (for women specifically). Things have changed significantly over the years from single to dual income, earning balance between women and men, caregiving roles, and more. In this episode, I’ll dive into some of the complexities that come into play and the huge impact that affects women more than men.

Many women miss opportunities for raises and retirement savings over their years of caregiving, so it’s important to acknowledge and plan for the different obstacles that often come between women and sufficient retirement savings. Listen in to hear tips to make sure you—and the other women in your life—are on the right track in setting aside money for retirement. You’ll also hear about important resources and options to look into when trying to build up savings.

Listen To The Episode Here:

What You’ll Learn:

  • What gets lost when women exit the workforce for caregiving reasons.
  • What contributes to the lack of retirement savings for women.
  • How to navigate the different needs that women have when creating a retirement plan.
  • The childcare problem and how it often plays into women’s careers.
  • The “she-cession” that happened during COVID.
  • Resources available for caregiving and working.
  • Where it’s important to focus on progress, not perfection.
  • The importance of setting boundaries and ensuring you care for yourself as well.
  • The power of self-worth and negotiation.
  • Why you should start planning and strategizing for your own caregiving.
  • Common myths and misconceptions surrounding long-term care.

 

Ideas Worth Sharing:

  • “On average, women step out of the workforce for 12 years to take care of their family – whether it’s children when they’re young, or elder members who are ailing.” - Regina McCann Hess
  • “Retirement planning is a bit different for women because we’re starting out with less and we’re living longer.” - Regina McCann Hess
  • “A lot of times when we’re offered jobs, we accept the job or the rate. We as women don’t tend negotiate salaries and rather just accept what’s offered… while our male counterparts are conditioned to go in and negotiate.” - Regina McCann Hess

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