Lisa Gray has been a wealth writer since 2001. She has been involved in the wealth management industry since 1988. She is the author of two bestselling books—The New Family Office and Generational Wealth Management.| Women Investors Are More Concerned Than Men About Retirement But Are Taking Little Action To Prepare |
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| Wednesday, October 24, 2012 03:41 |
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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.
This Website Is For Financial Professionals OnlyOver 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.
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