Bates & Company, Inc.
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AimPoint Pension
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Compass
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Regional Vice President of Sales The Retirement Plan Company
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Income Disparities Lead to Retirement Income Shortfall for Women
Insured Retirement Institute [IRI] Aug. 1, 2012
"[W]hile women have made tremendous strides in closing the income gap over the last three decades, income disparities have translated into a 25 to 30 percent retirement savings shortfall compared to their male cohorts. Compounding the problem, women are more likely than men to be caregivers -- resulting in lost or decreased wages. This time out of the work force combined with income disparities, decreases Social Security and employer-provided retirement benefits. The result is that women have less retirement savings and less retirement income from traditional resources, which are required to cover longer average retirement spans and higher lifetime health care costs."
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