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Ep 241: Leaving Work To Care For Loved Ones: What You Need To Know

HerMoney with Jean Chatzky
HerMoney with Jean Chatzky
Episode • Nov 25, 2020 • 49m

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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HerMoney with Jean Chatzky • Ep 241: Leaving Work To Care For Loved Ones: What You Need To Know • Listen on Fountain