Sep 18, 2012 0
Women, more than men, say they expect to live past the age of 90. In fact, nearly twice the number of women said they expected to live a long life compared to men in a recent retirement survey. But despite having expectations of living longer, many women haven’t planned adequately for the financial requirements associated with increased longevity. For example, more than half of surveyed women said they respond to financial emergencies by dealing with them when they occur rather than planning for possible scenarios. But though women participants said they didn’t plan in advance, more than 70 percent admitted to being very or somewhat concerned about providing for their long-term care needs. The study highlights the need for women to be properly prepared for their financial needs in retirement. More here.