Tuesday, May 18, 2010

Survey Identifies Gender Differences in Retirement Savings

More men than women are worried about outliving retirement savings, in spite of women's longer life expectency.

42% - Percentage of men who are worried about outliving savings, compared to only 37% of women.

61% - Percentage of women who are behind in retirement savings say raising children is the reason, compared with 43% of men.

47% - Percentage of women who say postponing retirement in order to supplement Social Security is their greatest concern, compared with 35% of men.

10% - Percentage of women who say they suffer “extreme stress” when managing retirement savings, compared with just 4% of men.

38% - Percentage of men who say health care expenses are a top retirement concern; the same percentage of women agree.

Source: TD Ameritrade

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