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Americans do a poor job saving for retirement, but there are special hurdles — and opportunities — for women.

Only 24% of American men feel confident that they can fully retire with a comfortable lifestyle. What’s more concerning is that only 12% of women feel that same degree of confidence.

Distraught about your debt? Do credit card bills make you cringe? Trying to dig out can feel overwhelming, so here are seven strategies that can effectively downsize credit card debt — and one thing to avoid if at all possible.

Debt Reduction Strategies

As an important part of planning your 401(k), you should be setting aside money for retirement. If you’re like many employees, you’re doing this in the form of an employer-sponsored 401(k) plan, which you probably signed up for when you were hired. But it’s important to know as much as possible about any investments you make, including your 401(k) plan.

During youth, we often assume we’ll have plenty of time to pay off our debts. As part of a solid financial wellness plan, we know it’s important to become debt-free, but we put it off for another day.

At some point, the government decided that a retiree needed to only save enough to live on 80 percent of their cost of living. But as an experienced Financial Advisor can tell you, that isn’t a hard-and-fast rule.

At one time, employees worked until they reached their 60s and passed away not long after retirement. However, as life expectancies have reached the late 70s and early 80s, planning for a long retirement is an integral part of managing financial risk. Consumers must plan for longer golden years.

Speaking to a Human Resources representative or 3(21) fiduciary investment advisor can be challenging when conversations are filled with jargon you don’t understand. Fortunately, it’s easy to research these terms.

Part of good fiduciary risk management is understanding how to protect your own finances. For those considered baby boomers, retirement has now become reality with 10,000 people retiring daily.

Retirement: No matter how close it is or how much you’ve saved, it still seems to feel far away.

It’s that time of year again: businesses are rolling out open enrollment, leaving employees to make very important decisions in a very short time period.