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A Woman’s Retirement Concerns

By Suzie P. Sawyer//


Investing for retirement can be a challenge for anyone, but women, in particular, face many unique challenges when it comes to building a proper nest egg. According to the Women’s Institute for a Secure Retirement, one-half of all American women work in low-paying jobs that don’t offer retirement benefits. Women retirees typically receive only one-half the average pension benefits that men receive. This means a large percentage of women will come up short when it comes time to retire. Since on average, women live longer than men, failing to have enough funds to get through retirement may have even more severe consequences for women.


The MetLife Study of Women, Retirement, and the Extra-Long Life: Implications for Planning has found several startling facts about the problems that women may face during retirement. Among their findings, 53% of women have not planned for unexpected expenses, but say they’ll “deal with it when it happens.”


So what’s a girl to do? “Dealing with it later” obviously isn’t the best course of action, so what is? Being aware of your needs for retirement is the first step. The second step is to get started on a savings plan, no matter how far away (or near) your retirement. If you are currently employed and your company offers a 401(k) plan, most investment professionals would encourage you to contribute as much as you can, especially if your company offers a match. As you receive salary increases, do your best to increase your contribution each year. The younger you are when you start, the better. However, if you’re already in your 40s or 50s, don’t let that discourage you from contributing, as you’ll need to commit even more to the plan in order to catch your retirement funds up to where they need to be.


If your company doesn’t offer a 401(k) plan, consider opening an Individual Retirement

Account (IRA). You may also want to consider the role of insurance in your investment plan.


For many investors, utilizing the services of an investment professional can alleviate the burden of selecting specific investments and managing the day-to-day decisions involved in maintaining a successful portfolio.


When selecting an investment professional, it’s important to seek out a qualified and experienced person who places your needs first and who shares your values when it comes to investing.

Your investment professional will be able to explain the options and which investments are best for you.


Suzie P. Sawyer, Managing Director/Investment Advisor Representative of Trinity Investment Services, LLC, who can be reached at (228) 864-4460. Securities offered through Century Securities Associates, Inc. Member SIPC and FINRA. A subsidiary of Stifel Financial Corp.

Home Office: 501 North Broadway, St. Louis, Missouri 63102, (314) 342-4051.