How can women bridge the retirement gap?

Submitted by Edward JonesPrint Story | Email Story

March 8 is International Women's Day, a day for celebrating all the accomplishments of women around the globe. But many women still need to make up ground in one key area: retirement security.

Women's challenges in achieving a secure retirement are due to several factors, including these:

  • Pay gap – It's smaller than it once was, but a wage gap still exists between men and women. In fact, women earn, on average, about 82 cents for every dollar that men earn, according to the Census Bureau. And even though this gap narrows considerably at higher educational levels, it's still a source of concern. Women who earn less than men will likely contribute less to 401(k) plans and will ultimately see smaller Social Security checks.
  • Longer lives – At age 65, women live, on average, about 20 more years, compared to almost 17 for men, according to the Social Security Administration. Those extra years mean extra expenses. 
  • Caregiving responsibilities – Traditionally, women have done much of the caregiving for young children and older parents. And while this caregiving is done with love, it also comes with financial sacrifice. Consider this: The average employment-related costs for mothers providing unpaid care is nearly $300,000 over a lifetime, according to the U.S. Department of Labor — which translates to a reduction of 15 percent of lifetime earnings. Furthermore, time away from the workforce results in fewer contributions to 401(k) and other employer-sponsored retirement plans.

Ultimately, these issues can leave women with a retirement security deficit. Here are some moves that can help close this gap:

  • Contribute as much as possible to retirement plans. Try to contribute as much as you can afford to your 401(k) or similar employer-sponsored retirement plan. Your earnings can grow tax deferred and your contributions can lower your taxable income. (With a Roth 401(k), contributions aren't deductible, but earnings and withdrawals are tax free, provided you meet certain conditions.) At a minimum, contribute enough to earn your employer's matching contribution, if one is offered, and try to boost your contributions whenever your salary goes up. If you don't have access to a 401(k), but you have earned income, you can contribute to an IRA. Even if you don't have earned income, but you have a spouse who does, you might be eligible to contribute to a spousal IRA.
  • Maximize Social Security benefits. You can start taking Social Security at 62, but your monthly checks will be much bigger if you can afford to wait until your full retirement age, which will be around 66½. If you are married, you may want to coordinate your benefits with those of your spouse — in some cases, it makes sense for the spouse with the lower benefits to claim first, based on their earnings record, and apply for spousal benefits later, when the spouse with higher benefits begins to collect.
  • Build an emergency fund. Try to build an emergency fund containing up to six months' worth of living expenses, with the money kept in a liquid account. Having this fund available will help protect you from having to dip into your retirement accounts for large, unexpected costs, such as a major home or car repair.

It's unfortunate, but women still must travel a more difficult road than men to reach retirement security. But making the right moves can help ease the journey.

 

If you would like to contribute information on this article, contact us at info@iberkshires.com.

North Adams Police Charge 7 After Drug Investigation

Staff Reports

NORTH ADAMS, Mass. — Police charged seven people after executing simultaneous search warrants on Eagle Street and Arnold Place.

On Tuesday, Nov. 10, 2026, members of the North Adams Police Department Detective Unit and Berkshire Law Enforcement Task Force executed search warrants at 212 Eagle Street Apartment 3 and 59 Arnold Place.

According to police, the search warrants were the result of a month-long investigation into a group of people from Springfield utilizing both residences as part of their heroin and cocaine distribution operation.

Police reported that during the search warrant execution at 212 Eagle Street Apartment 3, Giovanni Ramirez was taken into custody. Joanne Bentley and Chad Luczynski were also located in the apartment and will be charged as part of this investigation.

During the search warrant execution at 59 Arnold Place, Sandra Bunt, Raven Vanderburg, Jaiden Langford-Andrews and Angel Ortiz were all taken into custody.

Bunt's bail was revoked on a separate open case, and she is held without bail. Vanderburg is being held without bail for a probation violation on a separate case.

Langford-Andrews, Ortiz and Ramirez were all held without bail pending dangerousness hearings scheduled for later this week and early next week.

As a result of the investigation, the following evidence was seized:

  • Approximately 110 grams of cocaine
  • Approximately 2,323 bags of heroin (46 grams)
  • Approximately $6,817 U.S. Currency
  • Multiple functioning digital scales with residue

The following people were arrested and charged with the following:

Jaiden Langford-Andrews of Springfield:

  • Arrest Warrant
  • Trafficking Heroin 36-100 grams
  • Possessing with Intent to Distribute Cocaine
  • Conspiracy

Angel Ortiz, of Springfield:

  • Trafficking Heroin 36-100 grams
  • Possessing with Intent to Distribute Cocaine
  • Conspiracy
  • Giovanni Ramirez, of Springfield, Massachusetts:
  • Trafficking Cocaine 36-100 grams
  • Possession with Intent to Distribute Heroin
  • Conspiracy

Sandra Bunt, of North Adams:

  • Trafficking Heroin 36-100 grams
  • Possessing with Intent to Distribute Cocaine
  • Conspiracy

Raven Vanderburg, of North Adams:

  • Trafficking Heroin 36-100 grams
  • Possessing with Intent to Distribute Cocaine
  • Conspiracy

The following people were charged but not taken into custody:

Joanne Bentley of North Adams:

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