The motherhood penalty is not a new phenomenon, and steps have been taken to improve conditions for mothers in the workplace, but there is more work to be done. Show greater support when transitioning back into the workforce: Recent data from the Mom Project showed that few organizations pro...
Life insurance— which can provide tax-free proceeds to the survivor — is one option, but buying a sufficiently large policy may not be affordable for older people, O’Neill notes. Another possibility is having at least some money in tax-free accounts, such as Roth IRAs and health savings...