EPIC Retirement Plan Services
Loren D. Stark Company
Randall & Hurley, Inc.
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|Here's How Wide the Retirement Gap Is Between Men and Women|
Sept. 15, 2015
"Financial Finesse, which provides financial education programs to more than 600 organizations, examined data on median income, retirement savings, life expectancy, 401(k) salary deferral rates, and projected health-care costs for a woman and a man, each 45 years old. The goal: Figure out how much each needed in order to retire at age 65 and live on 70 percent of his or her pre-retirement income. The gap that emerged between the sexes: 26 percent. A man's retirement shortfall was more than $212,000. A woman's? More than $268,000."
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