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Retirement Plan Trends: Women in the Workforce

Below are three retirement facts about women in the workforce we thought you would find interesting.

  1. Half of women ages 55 to 66 have no personal retirement savings, compared to 47% of men.
  2. In a Bank of America survey, the majority of women report they are doing well managing their day-to-day finances but are struggling with saving for emergencies, saving for retirement and building wealth. And 1 in 5 women say it is time to make a change to their finances.
  3. More than 80% of women don’t think they’ll be able to retire without running out of money compared with 65% of men, according to a recent TIAA study.

Looking for solutions to help your female employees increase their financial confidence?

Jemma Financial can help you get the most out of your employer-sponsored retirement plan. Jemma provides comprehensive solutions that fit your organization to not only attract and retain employees but also give employees an opportunity to save for retirement. Let’s start the conversation.

Sources: 1. Census.gov. 2. “Women, money, confidence: A lifelong relationship, Bank of America, 3. The Washington Post

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You are now leaving the Jemma Investment Advisors, LLC Website and will be entering the Charles Schwab & Co., Inc. ("Schwab") Website. Schwab is a registered broker-dealer, and is not affiliated with Jemma Investment Advisors, LLC, or any advisor(s) whose name(s) appears on this Website. Jemma Investment Advisors, LLC is independently owned and operated. Schwab neither endorses nor recommends Jemma Investment Advisors, LLC. Regardless of any referral or recommendation, Schwab does not endorse or recommend the investment strategy of any advisor. Schwab has agreements with Jemma Investment Advisors, LLC under which Schwab provides Jemma Investment Advisors, LLC with services related to your account. Schwab does not review the Jemma Investment Advisors, LLC Website, and makes no representation regarding the content of the Website. The information contained in the Jemma Investment Advisors, LLC Website should not be considered to be either a recommendation by Schwab or a solicitation of any offer to purchase or sell any securities.

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