Retirement is a time of great change. Leaving employment after years of work has a major impact on how a person spends their days as well as their finances. At times, retirement doesn’t pan out the way we plan either. Events throughout our lives can have an effect and change even the most carefully planned retirements.
Financial planning is vital to wealth accumulation, no matter the gender. However, it is essential that women in Hong Kong save more money than their male counterparts for several reasons. Unfortunately, women face additional challenges that make it difficult to do so, but that doesn’t mean women can’t thrive – they can.
Many adults are now finding that their parents are living longer as life expectancy continues to rise annually. While this of course this is welcome news, it also has unforeseen consequences.