Women face unique challenges when it comes to retirement readiness, and 60% fear they will outlive their savings. Creating and maintaining an investment strategy is essential, but many women shy away from the task. Working with a financial advisor can help bolster confidence and knowledge. Advisors face challenges, however, since many women are reluctant to talk about financial issue. Only 28% of women feel confident in the ability to select the right financial investments. An age-based investing approach is simple, and a good place to start. Target date retirement funds have become a staple in retirement accounts, especially among young investors. These funds allow investors to choose one mutual fund based on their age and expected retirement date. As the time until retirement narrows, the target date fund rebalances from more aggressive investments to more conservative options. If an appropriate target date fund is not available, creating an investment strategy that mimics the age-based approach is relatively simple. The key to target date investing is adjusting risk based on time horizon. Younger employees have more time before they plan to retire, which means they can take bigger risks now.
More from Video
Amid the Selling, Here's the Big Question Now
How quickly do we find support, is what we'll want to know now, as the correction is occurring while economic optimism builds.
One Tweet Pulls the Rug Out From Under the Indexes
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
A Technical Look at the New Dow Jones Industrial Average
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
Conagra Brands Looks Tastier After Its Upgrade to Buy
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.
Biogen Bulls Get a Lift From Quant Upgrade and Strengthening Charts
Breaking down an approach to the long side of this biotech stock.
Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation.
If you have questions, please contact us here.