Category - Retirement

Forbes.com discussed the surprising results of research from The Center for Retirement Research as reported by Prudential Financial:

“Women in their 50s who are at the most financial risk in retirement are those who are married and in two-income households.“

The research still found risk for women who were married in households with one income and those who had never been married but those who were married with two incomes had a higher percentage of risk. 

The assumption is that a woman is better off if her household is earning more but that is not necessarily so. People …

In “Are you confident about your retirement savings? That could be dangerous,” USA Today and TheMotley Fool discuss a survey that found “38% of retirees say they felt either extremely or very confident in their savings before they retired.” Notice that this is how they felt before actually retiring. It is possible that these same survey respondents felt differently once they had been retired for a while.  

As the article notes, this certainty can backfire if those who are feeling confident get lax about money management. Perhaps someone approaching retirement looks at what they have already saved …