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Member, Beacon International Group, Ltd.
Women are more likely to retire later than men due to concerns about retirement savings and inflation, reports 401K Specialist. A new Nationwide Retirement Institute survey of employer-sponsored retirement plan participants and sponsors found that 62% of women expect to retire later than originally planned or not at all due to inflation, compared to 47% of men. More than half (56%) of women said they feel worried when thinking about their current retirement plan and financial investments – a 22% uptick since last year.