11/3/2015 – Here’s Why Women Have Half the Retirement Savings of Men (Forbes)

Nov 04, 2015 Comments Off by

When it comes to their retirement savings, women take as many risks as men do, according to a new study byVanguard Research released last week. The study looked at 720,000 eligible employees, and found that in defined contribution plans—such a 401(k)s—women and men allocated roughly the same proportion of their savings to equity (73% and 74%, respectively).

 However, that’s not say there aren’t notable differences between how the genders invest. The study also found that women are more likely to turn to investment professionals to construct their portfolios: nearly 50% of all women did so, vs. 42% of men. This goes along with the traditional wisdom that men are overconfident investors; the professionally-managed portfolios outperformed those that were constructed by the plan’s participants.

Read the full article in Forbes.

Financial Landing 2015

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