Why Women Need to Save More for Retirement
16. January 2011
This month's guest author is Cindy Hounsell, President of WISER, the Women's Institute for a Secure Retirement, a nonprofit organization that seeks to improve opportunities for women to secure retirement income.
Why do women need to save more?
The main factor is longevity -- simply that women live on average about three years longer than men, but many women live decades longer than the average. The thing about old age is that the longer you live...the longer you are expected to live.