A Rough Road for Women

As our country continues to struggle towards gender equality, the pay gap remains a prominent issue. It's felt in many aspects of women's lives, most significantly in retirement savings, a challenge for every American….

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melanie
Are Married Women Faced with Greater Risks in Retirement?

A study on the National Retirement Risk Index found that 46% of married women are at risk in retirement — compared with about 39% of single women. This seems counter-intuitive – aren’t two earners able to combine resources and thus collectively build more retirement security? Not necessarily…

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melanie
Divorce and Social Security

The rise of “grey divorces” – the dissolution of marriage for couples age 50 and older – presents a new challenge in America’s retirement landscape. Today, one in four divorces in the U.S. is a grey divorce, a number which has doubled since 1990. One of the toughest challenges to grey divorce is that inevitably, the retirement plan that may have supported a couple for the rest of their lives will now be divided up…

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More Prepared for Death than Life?

Long-term care is becoming an increasingly important topic, and for good reason. Americans are aging, with 10,000 people turning 65 in the U.S. each day. And nearly 70% of people retiring today will require some type of long-term care during their lifetime, according to the Department of Health and Human Services…

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Women, Divorce and Retirement

While the divorce rate peaked in 2000 in the U.S., the financial costs continue to be high: a divorcing couple pays legal fees, may need to sell illiquid assets, and has to cover the costs of two – rather than one – residence. Furthermore, a divorce has a huge impact on the respective spouse’s retirement prospects, with divorced women usually left with less financial security than their male counterparts.

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Rise of Female 401(k) Millionaires

Personal savings, whether in dedicated retirement accounts or some other account, will make up a significant portion of future retirement income pies. That women are increasingly joining the ranks of 401(k) millionaires means that more and more are recognizing the need to save early and often as paramount to retirement security. Hopefully this trend continues and strengthens.

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melanie