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How young women can bridge retirement savings gap
Saving enough money for retirement can be daunting for anyone. But a growing body of research shows that women in particular lack the confidence to plan for old age. According to the latest annual retirement survey by financial services firm Transamerica, only 14 percent of women say they are “very confident” about their ability to retire and live comfortably. Another study this year by Fidelity Investments found that 60 percent of women worry about having enough savings to last through retirement and that the anxiety was most prevalent among women ages 19 to 50, compared with women who are closer to retirement age. Read more…