Women generally arrive at retirement with smaller nest eggs. That’s due to a number of factors, including lower lifetime earnings and the fact that they tend to invest less aggressively than men. While women have historically been less confident about their investing abilities, that’s beginning to change according to the 2011 Scottrade American Retirement Survey. Sixty-nine percent of the women in the survey rated their ability to plan for retirement as good or very good, inching closer each year to this year’s 71 percent of men.
And since women have longer life expectancies than men, they will need even bigger nest eggs to carry them through retirement. Which reminds me of the joke: Why do husbands die before wives? Because they want to. I get it, but maybe it’s time for the men to learn something from the women: How to achieve a happy retirement. Besides a longer life-expectancy, women do have some advantages in this area. That’s the subject of my post last week at U.S. News and World Report What Men Can Learn From Women About Retirement.
This is a post from Retirement: A Full-Time Job
Oh no. You've confirmed what I've always suspected. I am a man trapped in a woman's body. ;-)
Good article on US News!
Posted by: Jacq | May 11, 2011 at 06:53 PM
Perhaps the 69 percent also accounts for more than just financing their retirement. It could also mean the loving support of family and friends. Retiring means a lot more if you share the rest of your time with people who care for you.
Posted by: Cara Larose | May 27, 2011 at 11:00 AM