Women are another group lagging in taking necessary steps for retirement. Women are generally more concerned about retirement than men but have taken little action to prepare for it.
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Over one third of men in a recent study have estimated how long their money will last during retirement. Only 29% of women have done so and women are outliving men and likely to have longer retirements.
Women may be too busy to make retirement planning a priority. Of those women who have prepared for retirement, about one-third are actively engaged in their retirement savings.
Two-thirds of women were unsure they could have the kind of retirement they want.
Only 26% were researching strategies and products that might help them reach their goals
. The survey included 3000 investors between the ages of 18 and 34, of which 1900 were women.