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
Women fall short in their retirement preparations infographic
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