Sixty-six percent of those caregivers are women, according to the “Caregiving in the U.S.” study by the National Alliance for Caregiving. Caregivers spend on average 20 hours each week providing care, leaving them with less time for paid work.
In sum, caregiving has serious financial consequences and it is important for women to understand the consequences and to take steps, whenever possible, to protect their retirement security.
What can be done to protect the retirement security. personal financial and retirement consequences experienced by caregivers who provide unpaid care to family members?
Cindy Hounsell, JD, Cindy Hounsell, JD, President of WISER, the Women’s Institute for a Secure Retirement. Ms. Hounsell provides technical assistance to several national organizations, as well as provides training to leaders and grassroots advocates around the country as part of her role as director of the National Education and Resource Center for Women and Retirement Planning, funded by the U.S. Administration on Aging.
Check out what Financial Advisor reporter Karen Demasters said in this Financial Advisor article after she attended Cindy Hounsel’s webinar!
Moderator: Betty Meredith, CFA, CFP®, CRC®, Int’l Retirement Resource Center
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