They are also less optimistic about the U.S. stock market and economy, according to a Nationwide survey.
Tag: women investors
Nearly one-third fear they will outlive their assets, according to LIMRA-SRI.
If they feel this way, they are inclined to shun advisers altogether, New York Life Investments learned in a survey.
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.