While women earn less and spend less time in the workforce than men, sharply eroding their super contributions throughout their working lives, there are some simple steps women can take to boost their retirement savings.

Sadly, this is something too many women ignore. According to The Association of Superannuation Funds of Australia, the average super balance for women at retirement is just $213,140. In comparison, men retire with an average balance of $292,000 – almost 30 per cent more. 

Low retirement savings are a key reason why more than 80 per cent of women retiring in Australia do so with insufficient funds to finance a comfortable retirement, with almost half relying on a male partner to support them in their later years. 

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