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Jean Chatzky answers readers' questions on preparing for retirement

Women are currently getting 23 percent smaller paychecks than men, which means they are at higher risk when saving for retirement. Compounding the issue: many women choose to stop working or decide to work part-time when raising their children, which further reduces the amount of money they're able to save -- but because women have a longer life expectancy, they need their savings to last longer.

Today we invited our web audience to ask NBC Financial Analyst Jean Chatzky questions about how women can best prepare for retirement. 

This chat was moderated. We accommodated as many questions as possible between 1:00 p.m. ET and 1:30 p.m. ET. 

Please click on the box below to review the transcript. For more from Nightly News on planning for retirement, please visit our Road to Retirement website