Ep 241: Leaving Work To Care For Loved Ones: What You Need To Know
HerMoney with Jean Chatzky
English - November 25, 2020 06:00 - 48 minutes - ★★★★★ - 1.3K ratingsInvesting Business business health finance leadership entrepreneur entrepreneurship marketing lifestyle investing career Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Many women leave the workforce to care for someone they love. But how do we do it while compensating for our lost savings opportunity? Even a one year career break can mean $160,000 less by retirement. Kathy Murphy, President of Personal Investing at Fidelity Investments, offers real solutions for weighing the pros and cons of a career break, and shares concrete steps we can take to reduce the financial impact. In Mailbag, saving in an emergency fund, second act careers, and helping a parent save for retirement. In Thrive, getting reimbursed for work-from-home expenses.
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Many women leave the workforce to care for someone they love. But how do we do it while compensating for our lost savings opportunity? Even a one year career break can mean $160,000 less by retirement. Kathy Murphy, President of Personal Investing at Fidelity Investments, offers real solutions for weighing the pros and cons of a career break, and shares concrete steps we can take to reduce the financial impact. In Mailbag, saving in an emergency fund, second act careers, and helping a parent save for retirement. In Thrive, getting reimbursed for work-from-home expenses.
Learn more about your ad choices. Visit megaphone.fm/adchoices