report, âHere and Now: How Women Can Take Control of Their Retirement.â The results may surprise you. 68% OF WOMEN.
WOMEN: TAKE CONTROL OF YOUR RETIREMENT A persistent gender pay gap1 and many other factors (including a tendency for women to live longer than men) compound the need for women to make strategic decisions about preparing for retirement. Women continue to face financial risks that put them at a disadvantage compared to men when it comes to their future retirement security, according to the nonprofit Transamerica Center for Retirement Studies® report, “Here and Now: How Women Can Take Control of Their Retirement.” The results may surprise you.
Only 53% of women expect to retire after 65 – or not at all.
68% OF WOMEN Say paying off debt is a financial priority, while a quarter more women than men prioritize basic living expenses.
LESS OPPORTUNITY TO INVEST Women are less likely to be offered retirement benefits, partially due to fewer employers offering benefits to part-time workers.
1 out of 4
Women are dipping into their retirement accounts before they retire, and ...
7 out of 10
Women are investing for retirement through employer-sponsored plans, outside of work, or both — but not at the same rate as men.
START TALKING, STOP GUESSING This is a chance to learn how investments work, how a spouse’s retirement plan works, and how Social Security could affect both. Most women have a desire for at least some level of guidance when it comes to creating a retirement strategy. A financial professional may be able to unravel retirement complexities, offer in-depth knowledge, and strategic guidance.
Be Proactive
Most women take proactive steps to help ensure they can stay in the workforce beyond age 65. They stay healthy so they can continue working, perform well at work, and keep their skills up to date.
EAT HEALTHY
GET ROUTINE PHYSICALS
GET PLENTY OF REST
EXERCISE REGULARLY
MAINTAIN A POSITIVE OUTLOOK
SEEK MEDICAL ATTENTION WHEN NEEDED
AVOID HARMFUL SUBSTANCES
MANAGE STRESS
For the full report from the nonprofit Transamerica Center for Retirement Studies, head to transamericacenter.org. The Institute for Women’s Policy Research, The Gender Wage Gap: 2016: Earnings Differences by Gender, Race, and Ethnicity, 2017 All information, except where noted, comes from the nonprofit Transamerica Center for Retirement Studies® 2018 report, “Here and Now: How Women Can Take Control of Their Retirement, Select Findings from the 18th Annual Transamerica Retirement Survey of American Workers.” The Transamerica Center for Retirement Studies® is a division of Transamerica Institute®, a nonprofit, private foundation. Transamerica Institute is funded by contributions from Transamerica Life Insurance Company and its affiliates and may receive funds from unaffiliated third parties. For more information about TCRS, please refer to transamericacenter.org. This material was prepared for general distribution. It is being provided for informational purposes only and should not be viewed as an investment recommendation. If you need advice regarding your particular investment needs, contact your financial professional. 1
26272_NAAKPTABPP0518 | © 2018 Transamerica
