Longevity Rules: Why long-term retirement planning is more important for women

Longevity Rules: Why long-term retirement planning is more important for women
Retirement planning is one of the most important guarantees an individual can make to ensure that their retirement goes smoothly and with as few interruptions as possible. However, women are having to take into consideration some extra factors in retirement planning that men aren’t necessarily as concerned about. The biggest concern that women are faced with is an extended longevity (1). Statistics are still showing that, on average, women tend to live 5-10 years longer than men. There is also still a very real and very pronounced wage difference between female earners and their male counterparts (2). Combine these realities with the fact that nearly 50% of women over 65 are still facing crises regarding outliving their financial resources (3), retirement planning is critical for a happy, healthy retirement for women.
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