Finally, women should break the taboo many feel surrounding talking about money by encouraging conversations among family, friends and financial professionals, and in the press and in schools. They should also look for mentors and learn more about money and finances.

“Women’s life journeys are not only different than men’s, they’re different than the life journeys of our mothers and grandmothers,” Maddy Dychtwald, co-founder and senior vice president of Age Wave, said in a statement. “We have more opportunities and choices when it comes to family, education and career, but we often don’t take the time to invest in ourselves and our future financial wellness. If more women can actively take control of their financial futures, it would not only benefit them, but also their families and our society overall.”

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