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Women fall short in their retirement preparations infographic

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With International Women’s Day approaching on March 8, the Aegon Center for Longevity and Retirement has released research and recommendations to help women be better prepared for retirement. http://aegon.me/iwd2016

Published in: Economy & Finance
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Women fall short in their retirement preparations infographic

  1. 1. Busy women fall short in their retirement preparations! Women age 40-59, commonly referred to as the “sandwich generation,” often are caring for children and aging parents, while managing their careers and financial security. Five quick tipsBut they are largely pessimistic about being able to retire with a comfortable lifestyle Aspire to travel Wish to spend more time with friends and family Of men share the same view Think their spouse or partner will be a very or extremely important source of financial support during retirement Want to pursue new hobbies Feel very or extremely confident that they will be able to retire with a comfortable lifestyle Do not have a retirement strategy at all (written or unwritten) Achieve a low ARRI score* Are habitual savers who make sure they always save for retirement Source: Aegon Retirement Readiness Survey 2015 The Aegon Center for Longevity and Retirement (ACLR) is a collaboration of experts assembled by Aegon with representation from Europe, the Americas, and Asia. ACLR’s mission is to conduct research, educate the public, and inform a global dialogue on trends issues, and opportunities surrounding longevity, population aging, and retirement security. www.aegon.com/thecenter. * A low Aegon Retirement Readiness Index (ARRI) score is a score below six on a scale from zero to ten Workers Homemakers 45% Make a “Bucket List” of your retirement goals and aspirations1 Keep job skills up to date 3Work at least part-time if not currently employed4Consider working longer and flexing into retirement5 2Make a written retirement plan, seeking advice of a financial planner 62%55% 35%40% 44% 62% 57% 53% 34% 50% 19% In fact, many rely on their spouses Women envision an active retirement … and they are not feeling prepared for retirement, especially those who are homemakers

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