It took a recession, but women have stepped up their interest in financial planning and retirement planning and investment. This is a good thing, but also because retirement is a major women's issues.
Women earn less than men, but this means that women outlive their average years, a small retirement nest egg must cover a longer retirement. And married women may be widows later in life, often resulting in decline, and stressed that the increase in their income levels. The vast majority of nursing home residents are women, and many of which are in or close to the poverty in old age.
According to a recent survey, 2,000 women aged 35 to 75-year-old family income of at least $ 30,000 per year, 62% of respondents invest an active interest in planning and retirement topics. The survey sponsor Allianz Life Insurance Co., Ltd. North America asked the same question in 2006, when only 35% of women expressed similar interests.
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Nearly half of the women surveyed in the two surveys worried that they run out of money later in life. This figure increased from 46% to 49% in the 2006 survey, in 2013.
Due to the recession and tough consequences, "Many women have a wake-up alarm, and said," I have to note that even though I have entrusted my husband, "Katie said, Allianz Life Vice Libbe consumer insight, president of . "She can not just commissioned it - she really need to understand it. Libbe more than a 50% chance that a woman will outlive her husband, so women must understand retirement planning and investment, and is ready to make a decision.
In married households, women are the main investment decision-makers, only about 23% of households. However, they are most policymakers in most other cases. Family income does not exceed $ 80,000, 53% of households in the women's major investment decisions, this proportion rose to about 71% of households between $ 80,000 and $ 200,000 a year. In more affluent families, women dealing with major investment decisions, more than 46% of the time. By age, Allianz Life found in women between 25 and 54, about 60% of the family's main investment decision-makers, about 47% of older women home.
Despite the growing recognition of the importance of the issue of retirement, Libbe said investigators found that women frustrated by the poor seems to be designed for men introduction. Nearly 70% of people have a dim view of almost all women - 90% - said their financial advisers, they need more than ever to participate in financial planning.
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"I think it tells us what is the financial services industry still has a long way to go, really connect with women," said Libbe. "I do not think we have to get better example, we have told our financial advisors, the role of women need to be recognized as a partnership. Otherwise, she would fire you, when the death of the man."
More importantly, she explained, financial, material and presentations for men rather than women. Men tend to prefer the detail and investment bells and whistles, while women are more interested in security and life goals.
Retirement life is not a five-star funds, and does not involve any on Wall Street, "said Libbe. "Women are willing to say, 'I do not need to get the best return, as long as I get a decent, stable returns, more protection."
Investment material itself is not always a type of Mars and Venus differences in their audience to write, "she adds. "We need to make our material clearer is how to support the benefits, but not all of the product features, the thing is for men."
Financial goals for women and men differences were investigated. "The vast majority of female respondents pointed out that they are more concerned to retirement than the specific investment guidance," Allianz Life report discusses the findings.
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The percentage of women interested in a specific topic is to reveal:
Guidance about the stock market entry: 58%
The basics of personal finance: 67%
How to invest and moderate income retirement plan: 75%
Guidance Guaranteed lifetime income: 85%
How to achieve their desired lifestyle in retirement: 85%
"The women said that they would most like to know the top financial topics - retirement - the top focus of many financial professionals is unlikely," the company said. "Women are asking for is clear and easy to understand financial information available on the internet."
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