Bringing Awareness to the Gender Investing Gap
Less than half of women feel they have influence on investment decisions, and many regret not saving and investing sooner, according to a Bank of America study.
Millennial Women Lead the Way in Non-Retirement Investing
Fidelity reports it has seen unprecedented growth in women opening new retail investing accounts, plus a record-high average of 9.2% contributions to DC retirement plans.
Women Face More Financial Challenges Due to COVID-19
Financial advisers can help them through a mix of offerings and communication.
Women Investors Less Financially Prepared than Men
They are also less optimistic about the U.S. stock market and economy, according to a Nationwide survey.
Women Feel More Vulnerable to Retirement Risks
Nearly one-third fear they will outlive their assets, according to LIMRA-SRI.
Many Widows, Divorcees Feel Patronized by Financial Advisers
If they feel this way, they are inclined to shun advisers altogether, New York Life Investments learned in a survey.
Women Plan to Make Their Money Grow
Women Plan to Take Steps to Make Their Money Grow
However, only 24% of women say they are comfortable with their knowledge on investing, Fidelity Investments found.
Request for GAO to Study Process by Which Retirement Funds are Divided in Divorce
Women's household income and assets, on average, fell by 41% with divorce.
‘Women’s Pension Protect Act’ Seeks DB-Like Protections for DC Plans
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.
Female Advisers Say Women Are Underserved
Three quarters of women under 40 do not have a financial adviser.
Fifty-Three Percent of Women Plan to Retire After Age 65
This includes 13% who do not plan to ever retire, according to the Transamerica Center for Retirement Studies.