Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Retirement Planning > Retirement Investing

Survey: Women Not Planning For Retirement

Your article was successfully shared with the contacts you provided.

NU Online News Service, May 15, 10:51 a.m. – Women are more interested in investing than they were 10 years ago, but they are still not doing much about retirement planning, according to a new survey by OppenheimerFunds Inc., New York, an affiliate of CIBC Oppenheimer Corp.

Researchers found that 59% of the women surveyed said they were more interested in investing than they were five years ago, and 77% said they knew more about the subject. Moreover, 64% said they had taken the necessary steps to prepare for retirement.

But only 38% said they work with financial advisors, only 41% participate in their employers’ 401(k) plans, and only 38% have individual retirement accounts or Keogh plans.

Meanwhile, only 14% of the women who were married or living with a partner felt responsible for preparing for retirement.

“Despite taking great strides towards financial independence?women remain largely uninvolved in issues critical to their long-term welfare, particularly investing and retirement planning,” Oppenheimer researchers conclude.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.