US. Most Women Foresee Working Past Retirement Age
Retirement isn’t looking so simple for the ladies, according to research by Transamerica Center for Retirement Studies (TCRS). More than half of women plan to retire after age 65—or not at all. Of those, almost 85 percent blame finances.
In a recent report titled Here and Now: How Women Can Take Control of Their Retirement, only 12 percent of women indicated being “very confident” they will someday retire comfortably. TCRS detailed several factors that may contribute to the lack of confidence among others.
“Women continue to earn less than men and, therefore, have less income available to save,” Catherine Collinson, president of TCRS, said in a statement. “Women are more likely to work part-time and, as a result, are less likely to have access to employer-sponsored benefits including retirement benefits. Women often take time out of the workforce for parenting or caregiving, foregoing income and benefits altogether.”
Read More: 401K Specialist
