If they feel this way, they are inclined to shun advisers altogether, New York Life Investments learned in a survey.
Tag: women investors
However, only 24% of women say they are comfortable with their knowledge on investing, Fidelity Investments found.
Women's household income and assets, on average, fell by 41% with divorce.
Democratic Senator Patty Murray says her bill would be a strong first step toward addressing some of the key hurdles facing women as they save for retirement in defined contribution plans; there are also proposed protections for part time workers and lower income individuals.
Three quarters of women under 40 do not have a financial adviser.
This includes 13% who do not plan to ever retire, according to the Transamerica Center for Retirement Studies.