Women are much more likely to follow a budget than to have investments.
61% of women
follow a household
45% of women
Women age 55-64 tend to feel warmer to the idea of saving money than the idea of investing money. Yet, women might be able to work with their interest in saving in order to grow into a greater sense of comfort with managing investments.
The #1 goal of women age 55-64 is simply to save money.
People of different ages sometimes have different financial priorities. Which, if any, of the following are currently important financial priorities for you?
46% of women age 55-64 are interested in investing
30% of women age 55-64 are willing to take risks to achieve returns
It is possible to define saving money as putting money into financial markets
Which of the following describes 'saving' money?
Which of the following describes 'investing' money?
Only 30% of women age 55-64 feel well prepared for retirement, and 4 out of 10 say they need financial advice to help prepare for retirement.
Get started by profiling your retirement expenses before retirement. Track your expenses for a few months to make sure your estimates are aligned with your actual expenses. Use this worksheet.
As you think about investing for the future, it’s getting harder and harder to balance risk and opportunity. Is your income strategy built for a choppy 2016?
Understand exactly how much income your retirement savings can generate. Financial advisors can provide estimates of a person’s monthly income in retirement. BlackRock also offers a free online tool that estimates retirement income based on current age and savings.