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There’s no question the choices you make now shape the future, for yourself and those you love. The present effects much of what you may or can do down the road.
What are your financial goals? What do you need for peace of mind?
The coronavirus pandemic’s impact is finances are strained for many women.
Voya Financial research found 50% of women report being negatively affected and about a quarter (24%) say they won’t ever get financially back on track.
Finding a way to overcome any financial setbacks or hurdles and to protect individual necessities or desires is important. Think about all your needs, such as emergency funds, personal musts, family endeavors, and time for yourself.
So how do you get there on matters so necessary and meaningful to you? Here’s how:
- Set clear goals for your future and share those with your financial advisor and others helping you plan.
- Educate yourself on the best approaches for your finances, savings, investments, and retirement. Voya’s budget calculator can help you stay on track.
- Review what you’re doing regularly. Compare different retirement dates for your pension or retirement fund. Consider increasing your retirement fund contribution. Make sure your beneficiaries and information are current.
- Check out our Planning for retirement guide and Women’s retirement planning publication, which are designed to help you learn, plan, save, invest, manage, and live your retirement journey.
Whatever your hopes and goals, remember you are not alone. Voya and the Michigan Office of Retirement Services (ORS) are here to help on your journey:
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