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HerMoney with Jean Chatzky

Ep 528: You’re Already Behind – And It’s Not Your Fault: Closing The Retirement Gender Gap

HerMoney with Jean Chatzky

Jean Chatzky Her Money

Investing, Business

4.71.5K Ratings

🗓️ 20 May 2026

⏱️ 37 minutes

🧾️ Download transcript

Summary

You’ve heard of the gender pay gap – but there’s a quieter crisis unfolding for millions of women: the retirement gender gap. Whether you’ve taken time out of the workforce to care for a loved one, are a Gen X’er racing toward retirement with less saved than you’d like, or recently lost a spouse and are suddenly in charge of finances you’ve never managed alone, this episode is for you.  In it, two experts from LIMRA, Chief Marketing Officer Tina Beckwith and Retirement Income Institute Fellow Suzanne Norman, break down: Why women face a steeper climb to retirement security Who’s most at risk The concrete steps you can start taking today to close the gap Learn more: Women – and especially widows – often want a trusted partner to help navigate retirement decisions. Here are 7 key tips they can keep in mind when looking for a financial professional.  Pre-order Jean's new book, The Forever Paycheck — your guide to building a secure, steady income stream for the retirement you've worked so hard for. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:33.3

Some follow the noise. Bloomberg follows the money.

0:41.1

Because behind every headline is a bottom line.

0:45.9

Whether it's the funds fueling AI or crypto's trillion dollar swings,

0:48.4

there's a money side to every story.

0:52.6

And when you see the money side, you understand what others miss.

0:56.7

Get the money side of the story. Subscribe now at Bloomberg.com. Having that guaranteed paycheck, whether it's social security, a pension,

1:06.2

and annuity, takes a lot of complexity out of your day and your decision making. So that's one benefit. And then

1:12.7

there's other really interesting research as a coach and a psychology major. I was find the

1:18.0

emotional aspect of this really interesting. So I think of annuities as being that cognitive and

1:23.2

emotional tool in the portfolio, but it's that sleep well at night. They make us feel safe

1:29.1

and secure. We can be making some of these decisions emotionally that don't serve our interests,

1:35.5

and having that guaranteed paycheck takes some of the risk away.

1:39.8

Hey, everybody. Thanks so much for joining me today on Her Money. I'm Gene Chatsky. I know that you've all

1:47.5

heard of the gender pay gap, but there is a quieter, maybe less obvious, related crisis that

1:56.1

doesn't get nearly the same attention. And over time, it can do even more damage to women's financial

2:02.9

futures. It's called the retirement gender gap, and it affects millions of women across

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