Ten years ago, the average life expectancy for a woman retiring at 65 stretched to her 84th birthday. With the right planning and investments, all financial concerns would be good and paid for.
The problem is, that isn't happening. According to the Wells Fargo Retirement Fitness Survey, released in December, Americans have less than 7% of their required retirement nest eggs saved. And with women's life expectancy going up each year, the task of managing retirement funds so as not to outlive her assets is increasingly becoming a woman's problem.
A recent barrage of reports-from Ameriprise, Merrill Lynch, Wells Fargo and more -have brought the female issue to the forefront as the first of the Baby Boomers are reaching retirement age. Claudia Fine, chief professional officer at SeniorBridge, a geriatric care management firm, pinpoints the trend: "People are talking about the fact that women need to be better educated, take our heads out of the sand. That we need to grow up andRead More »from Retirement Planning Musts For Women And 10 Best States For Your Golden Years