Women Need to Get Schooled on Retirement Planning
When it comes to retirement planning, women have a few distinct advantages over men. Because they're typically less confident investors, they're more likely to do their research and ask questions, which leads to fewer impulsive decisions. Women also tend to be more patient than men, as evidenced by the fact that they're known to hold investments for longer periods of time and engage in significantly less trading activity, which can cost money and lead to losses.
Furthermore, women tend to be more disciplined than men when it comes to retirement savings. According to Vanguard, despite the fact that males typically out-earn females, women tend to save at higher rates. And while only 66% of men contribute regularly to an employer-sponsored retirement plan, the participation rate among women is 73%.
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Source: Fool.com
