Women live longer, but don’t plan for it
Posted on 10 December 2010
By Mark Miller
Permanent URL of this article: http://retirementrevised.com/money/women-live-longer-but-dont-plan-for-it
A new study from the Society of Actuaries finds that the vast majority of women haven’t done the financial planning necessary to live comfortably for their full lifespan. Women outlive men by an average of four years so they have a critical need to plan for inflation, health expenses and long-term care needs. The study notes that inflation averaged 3.5 percent from 1980 to 2009; medical inflation — which affects seniors disproportionately — averaged 5.8 percent over the same period.
