Out of more than 1,800 women, 53% expect to self-fund their retirement though 401(k)s, IRAs or outside savings and investments, according to the 2012 Women: Let’s Talk About Retirement 12th Annual Transamerica Retirement Survey. Of women in their 60s, 60% expect to rely on Social Security, while 77% of women in their 20s expect to self-fund. Of women of all ages, 8% were very confident that they will be able to fully retire in a comfortable lifestyle, 21% were not at all confident, and 11% of women in their 20s were very confident. In planning for retirement, Jean Chatzky, author of “Money Rules,” says women should save 10% of their annual salary, 15% for women in their 40s and 20% for women in their 50s.
This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers, click the "Reprints" link at the top of any article.
Scary Statistics About Retirement for Women (San Francisco Chronicle)
Comments
Special Features
2013 Outlook As we move into a transition year, check out LifeHealthPro's conjectures for the life, annuities, health and disability markets.
100 Best Sales & Marketing Ideas Whether you want ideas for referrals, generating leads or just listening to your clients better, we have the sales and marketing tips you need.
The Complete ELNY Saga For more than two decades, the Executive Life Insurance Company of New York (ELNY) has been bled for billions of dollars while languishing in a state-imposed purgatory.
Life Insurance A-Z This alphabetical-themed infographic will help your clients feel more comfortable discussing life insurance protection concepts.
2012 Advisor of the Year Through a very thorough nomination process we look to find a top producer who is a true cornerstone of a community.
Senior Survey 2011 In this special section, find out how seniors build their nest egg, make an estate plan, finance their health care and where they live.
Conference Spotlight
The 2013 Annual Executive Conference
New York, NY
Bringing together top executives from life and property casualty insurance companies to examine potential new opportunities and emerging trends to redefine business operations and drive the industry forward.
Read More About This Event »
