Women who take charge, do the math, plan for contingencies and work with their partners and/or financial advisors have a better chance of securing their finances in retirement than those who shrink from the process, according to a new study from the MetLife Mature Market Institute.
The MetLife Study of Women, Retirement, and the Extra-Long Life: Implications for Planning shows women face a number of unique risks—including longevity, aging single, lower retirement incomes, greater health care costs and added caregiving responsibilities—and have not planned adequately to address these concerns, leading to a significant shortfall.
