Financial advisor shares Mother's Day tips for helping moms build financial security

MILWAUKEE (CBS 58) -- Women earn roughly 81 cents for every dollar men make and working parents who support adult children contribute twice as much money to their children as they do to their own retirement, according to financial professional Tom Neumann of Drake & Associates.

Neumann joined us on Friday, May 8 to discuss ways to help moms boost their financial footing this Mother's Day.

He covered negotiating salaries, prioritizing retirement savings over supporting adult children and taking advantage of employer 401(k) matches and IRA contributions.