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Women and Retirement…Some Issues to Consider
“Nearly two-thirds of women (64%) say they’d like to live to 100, yet most (60%) fear they will run out of money if they do live that long. Forty-two percent are afraid they will run out of money by age 80.” So says a survey conducted recently by Merrill Lynch in partnership with Age Wave. The upshot of those concerns, certainly, points to the fundamental differences between men and women when it comes to financial planning for retirement, namely the issues of lower pay, more work disruptions, higher longevity, and higher retirement health care costs. Read a synopsis of this survey, posted by planadviser.com’s Rebecca Moore here…
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