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401(k) Rollover Checklist
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IRA and 401(k) Deadlines
What Caregivers Can Do to Close the Retirement Gap
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A Simple Guide on IRA Contribution Reporting
A Comprehensive Guide to Traditional and Roth IRAs
The Retirement Gap Women Can’t Ignore
Caregiving shapes the careers and finances of millions of women, often in ways that don't show up until retirement. Career pauses, reduced hours, and interrupted savings can quietly compound into a significant gap. Here's what that gap looks like, and what you can do about it.
The Long-Term Cost of Caregiving
Women, on average, retire with 30% less savings than men. This gap builds over time through career pauses, reduced hours, and interrupted contributions during key earning years. Since women also tend to live longer in retirement, those savings need to last longer.
Caregiving is thought to be the most common reason, though it is not the only one. Education, career changes, and entrepreneurship all create the same pattern: time away from consistent saving that compounds quietly over a career.
If you provide regular support for a child, aging parent, spouse, or loved one with daily emotional, physical, or financial needs, you are a caregiver. It is typically unpaid, often invisible, and more common than people realize.
Household help, such as meals, chores, and errands
Medical support, including medications and appointments
Transportation to essential visits and errands
Emotional care and companionship
The Financial Impact of Caregiving
The numbers are stark. Research shows that taking a career break for caregiving can reduce retirement savings by nearly $346,000. This loss is driven by the compounding impact of lost wages, interrupted retirement contributions, missed employer matches, and lower Social Security benefits—all accumulating over time.
Be Retirement Confident.
Roll over all your old 401(k)s into a PensionBee Individual Retirement Account (IRA). It takes just a few minutes to sign up.
These challenges often feel abstract until they are experienced firsthand.
Catching Up & Planning Ahead: Retirement Strategies for Women
There are practical steps you can take to close the gap, whether you’ve returned to work, are still caregiving, or are somewhere in between.
Combine old 401(k)s and IRAs into one IRA. If you changed jobs during a caregiving period, you may have old accounts. PensionBee can help you consolidate them and offers a 1% match on every dollar you roll over.
Career changes and time away from work leave retirement accounts behind with former employers. Those accounts are still yours.
PensionBee helps you combine old 401(k)s and IRAs into one easy-to-manage account and gives you a 1% match on every rollover and contribution (terms and conditions apply). Everyone gets a rollover manager to help make it simple to get consolidated into a diversified portfolio with ETFs like SPY and MDY from State Street Investment Management, one of the world’s largest asset managers.
Be Retirement Confident.
Roll over all your old 401(k)s into a PensionBee Individual Retirement Account (IRA). It takes just a few minutes to sign up.
Your investment is at risk. Past performance is no guarantee of future results. Not bank guaranteed. Not FDIC insured.
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Options on Rollovers A rollover is not your only option for an old 401(k) or IRA, you may alternatively decide to leave your assets with your former employer, rollover your plan to a new employer or to cash in your old plan with the resulting tax penalties applied. PensionBee Inc. does not provide tax advice or individual recommendations as to which of these options is most appropriate for your individual circumstances. To understand the implications of each of the options available to you and help you decide between them you may wish to consult a tax professional who has knowledge of your individual circumstances. For more information see FINRA - Retirement Accounts.
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The SPDR® S&P500 ETF®, SPDR® S&P MIDCAP 400® ETF, SPDR® Dow Jones Industrial Average ETF are exchange traded funds with the investment objective to correspond to the price and yield performance of the S&P 500® Index, S&P®MidCap 400®IndexTM and Dow Jones Industrial AverageSM. The shares of the SPDR® S&P 500® ETF, S&P MIDCAP 400® ETF, SPDR® Dow Jones® Industrial Average ETF represent individual ownership interest in the Trust’s portfolio.
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