10/23/2014 – Older Women and Challenges of Wealth

Oct 23, 2014 Comments Off by

Women’s life expectancy is typically around five years more than men’s, according to United States census data, “by definition, their wealth has to last longer,” said Judy Slotkin, a New York metropolitan area market executive at U.S. Trust.

The Employee Benefit Research Institute in Washington estimated last year that just to have a 50-50 chance of covering future health costs, a 65-year-old man would need at least $65,000 in savings, while a woman the same age would need $86,000.

Read the full article at The New York Times.

Financial Security 2014, Longevity News 2014

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