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Retirement Planning Guide For Working Women

Updated On Apr 26, 2021

beforehand.  If you are a working woman, then retirement planning should be among your top priorities so that you live an independent and secure life in your old age. There may be chances that you remain single or you get divorced or you get widowed with kids. Thus, in such a case, you need to be aware about your financial needs, including your retirement days. Here’s why retirement planning is necessary for women of all ages, especially working women.

Know About: Importance of Life Insurance in Women's Lives

Reason of Retirement Planning for Working Women

Following are the reasons why working women should do retirement planning:

1. Higher Life Expectancy

As compared to men, women have reportedly higher life expectancy. Therefore, if a woman is fully financially dependent on her husband or is not financially independent, then she may have to suffer if her husband unfortunately dies. So, no matter if you are single or married, the number of years after retirement are very important. Thus, you must ensure that you have sufficient funds that can assist you through your golden days.

2. Less Number of Working Women

It has been observed that women quit their jobs or opt for part-time jobs in order to look after their children and families. As compared to other nations, women quitting to support their families in India is higher. By orderly planning for your post-retirement life, you could ensure some level of financial stability during your retirement days. If due to some reason, you are leaving  your job early, then make sure the money you have saved is used by you wisely. You can invest that savings corpus in buying a retirement plan or ULIPs. There are a wide range of retirement related insurance products available in the market for you to opt from. All you need to do is to select the best one that best suits your needs. Moreover, you must invest your corpus in provident funds wisely. You are advised to preferably, invest it in long-term financial instruments or save them for any contingency. 

How Can Women Plan For Their Retirement?

Following are a few tips that will help women plan for their retirement –

1. Invest in a Better Way 

Whether you are a part-time employee or a full-time employee, it is necessary for you to plan for your retirement years in advance. Thus, supervise that you save sufficient money and make your investment choices wisely so that you don’t have to suffer financially after retirement.

2. Start Planning Early 

If you are a working woman, then begin the planning for your retirement days as early as you can. Moreover, if you wish to maintain a balance between work and life, you should not affect your desire to save corpus for your retirement days.
Buy an Adequate Insurance
For those who want substantial liquidity in their retirement days, you are advised to invest in a retirement plan as it provides you with stable income even after retirement.


Retirement planning has become very crucial as it offers financial security to you so that when your professional income starts to minimise, you do not need to compromise with your living standards and leisure life. Additionally, adequate retirement planning also helps you meet your retirement goals without any worry.

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