Facts women and retirement
Here are 18 facts from the #1674b1; outline-offset: 0px; outline: 0px; text-decoration-line: none; word-wrap: break-word;" href="http://transamericacenter.org/docs/default-source/women-and-retirement/tcrs2018_women_take_control_of_retirement_fact_sheet.pdf" rel="nofollow" target="_blank">Transamerica survey about women in retirement:
- Only 12% of women are "very confident" in their ability to retire fully with a comfortable lifestyle.
- About 53% of women plan to retire after 65 or do not plan to retire at all.
- About 54% of women plan to work after they retire -- 11% plan to work full-time and 43% part-time.
- Women could struggle to ensure they are, in fact, prepared to work in retirement. While 63% said they are staying healthy, only 57% are focused on performing well at their current job and 46% are keeping their job skills up to date.
- Roughly 64% do not have a backup plan for retirement income if forced into retirement sooner than they expected.
- Paying off debt is a financial priority for almost 68% of women. Only 51% of women cite saving for retirement as a priority.
- About 73% are saving for retirement through a workplace plan and/or outside of work in an IRA, mutual fund, bank account, etc. Women started saving for retirement at 27, on average.
- About 45% of women expect their primary source of retirement income to come from savings and investments such as 401(k), 401(b) and IRA accounts, while 30% expect to rely on Social Security.
- However, 81% of women are concerned that Social Security won't be there for them when they are ready to retire.
- Roughly 47% of Baby Boomer women said they know a great deal or quite a bit about Social Security benefits.
- About 66% of women are offered a 401(k) or similar employee-funded retirement plan, but 28% of women work part-time and are less likely to have workplace retirement benefits.
- About 77% of women who are offered an employee-funded plan participate in the plan. They contribute, on average, 7% of their salary to the savings plan.
- Women believe they will need to save $500,000, on average, in order to feel financially secure in retirement -- but about 55% said they "guessed" to land on that figure.
- Women's total household retirement accounts are $42,000 (estimated median).
- Women's emergency savings are just $2,000, though.
- Just 28% of women are aware of the Saver's Credit, a special tax break to low- and moderate-income taxpayers who are saving for retirement.
- One in three women uses a professional financial adviser to help manage their retirement savings and investments.
- Only 26% of women consider their long-term health when making lifestyle decisions.
Articles from Royce Shook
View blogPlease note that these statements are intended to be humorous and based on stereotypes I have heard ...
My thanks to Walter and his sense of "old" humour for these · 'OLD' IS WHEN... · Your sweetie says · ...
Once upon a time, there was a King who decided to spice up his kingdom's roads with a giant boulder. ...
You may be interested in these jobs
-
general manager, sales
Found in: Talent CA 2 C2 - 5 days ago
2786370 Ontario Inc. Toronto, CanadaEducation: College/CEGEP · Experience: 1 year to less than 2 years · Tasks · Allocate material, human and financial resources to implement organizational policies and programs · Authorize and organize the establishment of major departments and associated senior staff positions · ...
-
Criminologue - Évaluation et orientation des signalements (DPJ) - Sorel-Tracy
Found in: Talent CA C2 - 6 days ago
CISSS de la Montérégie-Est Sorel, Canada Permanent- Temps completDescription · : Appel à tous les détenteurs d'un baccalauréat en criminologie faisant parti de l'ordre des criminologues du Québec - La protection de la jeunesse a besoin de vous pour faire une réelle différence dans la vie des enfants en difficulté. · Actuellement la protection ...
-
early childhood educator
Found in: Talent CA 2 C2 - 5 days ago
Imaginarium Daycare Victoria, CanadaEducation: College, CEGEP or other non-university certificate or diploma from a program of 1 year to 2 years · Experience: Experience an asset · Tasks · Storytelling · Lead activities by telling or reading stories, teaching songs and taking children to local points of interest · ...
Comments