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Women’s retirement status is iffy

More than half of women are just guessing at how much money theyll need to feel secure once they retire.

By Marlene Y. Satter | Updated on March 06, 2017
More than half of women are just guessing at how much money they’ll need to feel secure once they retire. (Photo: iStock)

Women are likely to live longer and thus likely to need more money during retirement, but since they make less, save less, and are less confident about having a comfortable retirement, the odds are not in their favor.

According to a research report from the Transamerica Center on Retirement Studies, women face a precarious path to retirement. The report, based on findings from TCRS’ 17th Annual Transamerica Retirement Survey of Workers and released in conjunction with National Women’s History Month, finds that few women have a high level of confidence about their future retirement. Only 1 in 10 are “very confident” they will be able to retire comfortably.

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