Anxiety about financial security in retirement is common among older women, according to a report by the GAO.
Based the results of 14 focus groups with women generally over the age of 70 in nine locations around the country, the report found that every group was concerned about rising health care costs. Each group also discussed how a lack of personal finance education adversely affected their retirement security.
Women in all groups, a large portion of whom were widows, also equated financial security in retirement with being able to maintain their independence, the GAO said in its report.
Many women expressed concerns about the future of Social Security and Medicare benefits, and the costs of housing. They also cited a range of experiences that hindered their retirement security, such as divorce or leaving the workforce before they planned to.
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
Shareholder targets FS KKR Capital's directors over alleged portfolio valuation and dividend missteps.
UBS has a history of costly litigation stemming from the sale of volatile investment products.
New director David Woodcock puts firms on notice over fees, conflicts, and liquidity risk as private credit shows signs of stress.
Advisors can help “separate the math from the emotion” when it comes to retirement, says JPMorgan’s Michael Conrath.
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
Growth may get the headlines, but in my experience, longevity is earned through structure, culture, and discipline
