11%: Gap in how much more worried women are about running out of money in retirement than men.

Women aged 50-75 with $100,000 or more in household income were 11% more likely than their male peers to be concerned about running out of money in retirement, according to the LIMRA Secure Retirement Institute. The group surveyed workers to find that 46% of women were worried about running out of money in retirement, compared with 35% of men. These concerns are understandable, given that as of the first quarter of 2014, the median wage for women is 83% of what it is for men, according to the Bureau of Labor Statistics. Lower earnings can often lead to lower savings for retirement.

Plan sponsors and their advisors can be well positioned to help participants of both sexes get ready for retirement. One easy method to consider is educating them about their options to build a retirement nest egg, and educating participants about contributing to their DC plan account. Knowledge may well bring peace of mind.

Sources: 

Related Resource:

Browse: DC Daily Stat

Previous

Women Want Financial Advice

Jul 24, 2014

Next

Limiting the Leakage

Jul 28, 2014

This material is provided for educational purposes only and is not intended to constitute “investment advice” or an investment recommendation within the meaning of federal, state, or local law. You are solely responsible for evaluating and acting upon the education and information contained in this material. BlackRock will not be liable for any direct or incidental loss resulting from applying any of the information obtained from these materials or from any other source mentioned. BlackRock does not render any legal, tax or accounting advice and the education and information contained in this material should not be construed as such. Please consult with a qualified professional for these types of advice.