Women face distinct retirement-planning challenges, including higher longevity risk, less access to workplace retirement plans, and continued wage discrepancies. My column at Morningstar.com this month examines the trend, and summarizes expert advice on ways women can improve their odds of achieving a secure retirement. [...more]
Women live longer than men — with the result that they face much greater longevity risk–the danger of outliving their assets and experiencing poverty in old age. In this video, retirement expert Richard Johnson of The Urban Institute discusses some of the critical risks facing women in old age. It’s sobering, but good food for [...] [...more]
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 [...] [...more]
My friend Manisha Thakor is a financial planning expert who has devoted herself to the challenge of helping women to get smart about money and retirement planning. Manisha is a passionate advocate on the subject. “But definitely not because we are “worse than men” with money, that’s a total myth,” she says. “My 15 years [...] [...more]
A new Government Accountability Office report shows that the gender gap in management jobs persists, along with the ongoing gender gap in income. For women, the gap has serious implications for retirement security, since retirement benefits are driven by career income. Social Security benefits are derived from income history, and the ability to contribute to [...] [...more]
