RUSH TRANSCRIPT Retirement crisis ░░░░░░░░ looming for many women ░░░░░░░░ the u S according ░░░░░░░░ the census bureau About ░░░░░░░░ of the women ages ░░░░░░░░ to 66 have nothing ░░░░░░░░ aside and women overall ░░░░░░░░ less safe than men ░░░░░░░░ even for those getting ░░░░░░░░ to retirement there is ░░░░░░░░ time to prepare financially ░░░░░░░░ hennigan chief business officer ░░░░░░░░ raisin us joins us ░░░░░░░░ to discuss Shayna thank ░░░░░░░░ so much for being ░░░░░░░░ us this morning Let ░░░░░░░░ jump right in First ░░░░░░░░ why are women so ░░░░░░░░ less financially stable than ░░░░░░░░ going into retirement Appreciate ░░░░░░░░ having me on So ░░░░░░░░ the end of the ░░░░░░░░ there s a lot ░░░░░░░░ different structural factors that ░░░░░░░░ impact women primarily during ░░░░░░░░ prime earning years So ░░░░░░░░ s basic math If ░░░░░░░░ re earning less after ░░░░░░░░ and expenses there s ░░░░░░░░ less to put away ░░░░░░░░ save for retirement Saved ░░░░░░░░ enough for retirement other ░░░░░░░░ just earning less during ░░░░░░░░ prime years Foremost we ░░░░░░░░ the wage gap They ░░░░░░░░ earning 0 84 on ░░░░░░░░ dollar for doing the ░░░░░░░░ job as men and ░░░░░░░░ of color have an ░░░░░░░░ more disparate wage gap ░░░░░░░░ there s also for ░░░░░░░░ much progress as we ░░░░░░░░ made as a society ░░░░░░░░ and child care responsibilities ░░░░░░░░ disproportionately to women so ░░░░░░░░ lot of times there ░░░░░░░░ hard tradeoffs to make ░░░░░░░░ career and earning power ░░░░░░░░ the responsibilities at home ░░░░░░░░ whether that s saying ░░░░░░░░ to the promotion and ░░░░░░░░ paycheck whether that s ░░░░░░░░ a step back to ░░░░░░░░ your children and missing ░░░░░░░░ on those years it ░░░░░░░░ very challenging to put ░░░░░░░░ money to work and ░░░░░░░░ that retirement nest egg ░░░░░░░░ you re facing these ░░░░░░░░ Women do now I ░░░░░░░░ you ve finished your ░░░░░░░░ You look around you ░░░░░░░░ t have anything What ░░░░░░░░ the options for saving ░░░░░░░░ Time is your friend ░░░░░░░░ it comes to saving ░░░░░░░░ retirement So starting as ░░░░░░░░ as you can is ░░░░░░░░ important So you know ░░░░░░░░ and foremost get a ░░░░░░░░ together budget what s ░░░░░░░░ in what s going ░░░░░░░░ what can you realistically ░░░░░░░░ to work and start ░░░░░░░░ into the market whether ░░░░░░░░ is working with a ░░░░░░░░ advisor setting up an ░░░░░░░░ but get growth oriented ░░░░░░░░ the market do the ░░░░░░░░ for you and help ░░░░░░░░ to building that nest ░░░░░░░░ And then finally get ░░░░░░░░ emergency savings fund set ░░░░░░░░ I think this is ░░░░░░░░ important for women and ░░░░░░░░ now one of the ░░░░░░░░ of higher interest rates ░░░░░░░░ that you can actually ░░░░░░░░ a healthy return on ░░░░░░░░ insured deposits and reason ░░░░░░░░ has some great options ░░░░░░░░ making that commitment to ░░░░░░░░ that emergency fund with ░░░░░░░░ to 12 months of ░░░░░░░░ that will help When ░░░░░░░░ unplanned emergencies come up ░░░░░░░░ can tap that fund ░░░░░░░░ not go into whatever ░░░░░░░░ savings you have and ░░░░░░░░ a wrinkle in that ░░░░░░░░ Safe and less risky ░░░░░░░░ to set up passive ░░░░░░░░ Insured FDIC or ncua ░░░░░░░░ deposit products is a ░░░░░░░░ way to earn a ░░░░░░░░ There s a lot ░░░░░░░░ savings accounts producing over ░░░░░░░░ risk free build Build ░░░░░░░░ an array of savings ░░░░░░░░ cds savings accounts and ░░░░░░░░ take advantage of that ░░░░░░░░ free return And then ░░░░░░░░ those who are invested ░░░░░░░░ the market stay somewhat ░░░░░░░░ oriented and have a ░░░░░░░░ plan for taking distributions ░░░░░░░░ Have a reasonable lifestyle ░░░░░░░░ s commensurate with those ░░░░░░░░ Don t tap into ░░░░░░░░ unplanned distributions and stick ░░░░░░░░ the plan Stick with ░░░░░░░░ budget Stay consistent Encouraging ░░░░░░░░ hennigan thank you so ░░░░░░░░ for being with