Only 62% of women have a strategy to avoid outliving their savings in retirement, versus 76% of men, according to a survey from Nationwide Advisory Solutions. Here's how to shore up your finances.
Only 62% of women have a plan to help protect themselves against outliving their savings, versus 76% of men, according to a recent study by Nationwide Advisory Solutions.Here are some steps women can take to jump-start their savings for retirement.For women, the salary gap they face in their working years eventually turns into a retirement savings gap.
Only about 6 in 10 women have a plan to keep them from outliving their savings once they retire, according toThe firm polled about 1,021 financial advisors and 824 investors in February and March. "We're in an industry that is inherently addressing the issues of men," said Kristi Rodriguez, leader of the Nationwide Retirement Institute at Columbus, Ohio-based Nationwide. "We have to instill confidence in female investors."
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