Retirement Savings and Women: Concerns are Evident
It’s National 401k Day or, in other words, the Friday after Labor Day. The theme surrounding this day of recognition for retirement savings vehicles is one of planning for the post-career years and one of promoting the wisdom of using deferred compensation plans like a 401(k) or 403(b) to build a source of income in those later years. And this is an area where women have substantial concerns about their personal finances. The results of a 2017 MassMutual Middle America Men & Women Finances Study, in fact, reported that “Middle class women worry about money or household finances more often than men, with two times as many men saying they almost never worry.” The study further concludes that nearly half of the women surveyed report an inability to save for retirement. John Sullivan, in a post on 401kspecialistmag.com, offers some insights into the survey results. Access his article here…
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