Shweta Lawande Quoted By CNBC About Catching Up on Retirement Savings
By: Francis Financial
March 24, 2022
Shweta Lawande, Lead Advisor at Francis Financial was recently quoted by CNBC about how the pandemic has widened the gap between women and men’s retirement savings. Here’s what to know about catching up.
The two years since the coronavirus pandemic have hit women in the workforce especially hard. Now, the gap between their retirement savings as those of their male counterparts has widened further. According to a survey from TIAA, only 31% of women said they were able to save for retirement. The pandemic has also kept many women out of the workforce, which often means they’re not actively saving for retirement.
“What we’re trying to share with our clients in this time is to focus on what they can control,” said Certified Financial Planner, Shweta Lawande. “While they can’t control lockdowns or the job market, they can make sure their budgets are airtight, she added.” “Those with an existing portfolio can take some time to check their asset allocations to ensure they’re invested in a diverse group of stocks, bonds, real estate, cash and more, said Lawande, adding that it reduces risk.”