Men and Women Plan Retirement Differently
A new study by Ameriprise and Harris Interactive found that men outpace women in planning for the financial aspects of retirement 77% to 72%. However, women are more likely to have thought about what they would like to do during retirement.
Only 22% of Americans report confidence in reaching their retirement goals. Men outpace women in that key measure 25% to 19%. Men are more likely than women to report that they have determined the amount of money they need for retirement and a higher percentage are saving money through IRA’s and other investments. Women have a more prominent role in planning for family, lifestyle and health after retirement. More women than men make plans to stay healthy during retirement and have a higher incidence of planning for their leisure time and activities than men.
For our clients, balancing lifestyle after retirement with sound financial advice sits at the center of every planning session we have. When you need assistance determining your financial needs after retirement, developing savings plans to meet your goals and a less stressful way to transition into retirement, call us. We do more than taxes.