Women’s Retirement Security Day

ByEstela Felan Updated on

Each year on the second Tuesday in July, Women’s Retirement Security Day shines a light on the importance of helping women feel confident about their financial futures. Our partner, Lincoln Financial, is committed to supporting every employee on that journey. With the right awareness, thoughtful planning, and access to helpful tools, building retirement confidence can be within reach. Start with these four helpful tips to take charge of your finances.

Building your retirement confidence
Planning for retirement is a personal journey. Along the way, challenges can shape how saving happens:

  • Time out of work for caregiving
  • Longer life expectancy, requiring savings to last longer
  • Competing financial priorities
  • These experiences are part of life, and with the right approach, they can be planned for.

Taking action throughout your career
The good news is that you can take meaningful steps at every stage of your career to keep building toward your retirement saving goals.

Early career – Build the foundation

  • Start saving early. Even small contributions can add
    up over time.
  • Save enough to get the full employer match, if available.
  • Build strong financial habits like budgeting and managing debt.

Mid-career – Stay on track and accelerate

  • Increase your contributions if your income grows.
  • Review your retirement goals and progress
  • Balance competing priorities without stopping your momentum.
Late career – Maximize and prepare
 
  • Make catch-up contributions to save beyond the
    annual limit.
  • Evaluate your retirement timeline and income needs.
  • Understand how to turn savings into sustainable retirement income.

The Texas A&M University System offers financial wellness programs that can give you access to financial advisors who can help you create a financial plan and make sound financial decisions. To find more resources, visit the Financial Wellness page.

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