directoryad
subscribe ad

Thursday April 24th 2014

Archives

eyemedbannerad

Nature or Nurture? Why Women Don’t Save for Retirement

Women are more confident about their retirement prospects this year, with almost two thirds of affluent women considering themselves confident or somewhat confident about being comfortable in retirement. The bad news, said Suzanna de Baca, vice president of wealth strategies at Ameriprise, is that women “shouldn’t be feeling this good.” In the survey of 10,000 affluent,middle-aged Americans, women lagged behind men in nearly every category of retirement planning. Only 44 percent contribute to a workplace retirement plan and 42 percent are investing for retirement on their own. Slightly more than half of men do both. Less than 20 percent of women know how much income they’ll need when they retire, the survey found, compared with 28 percent of men according to a recent report on www.cnbc.com.