More than two-thirds mentioned some concerns, particularly not having enough money to maintain their current lifestyles, a key worry for divorced or separated women. The primary barriers that may keep them from attaining their goals included the high cost of living and health or medical expenses. Other concerns varied by age and included specific savings and investment-related worries. Women's aspirations for their retirement years focused more on experiences rather than expensive possessions. The most popular dream was travel, followed by spending more time with family.
Fewer women surveyed have a diversified portfolio of conservative and risky investments than men.
Women tend to have more conservative investments that may hinder their progress toward their retirement goals. Detailed Findings Types of investments Both the men and women surveyed tended to have either conservative investments or a mix of conservative and risky investments. In general, though, men favored riskier investments more than women. Changes in retirement accounts or investment strategy Both men and women were asked what changes, if any, they have made in their retirement accounts or investment strategy as a result of recent wild fluctuations in the stock market. The female respondents were asked how well prepared they believe women should be for retirement vs. men in terms of the amount of savings they need.