Women need to save more for retirement than men. Reason: After retirement, women live an average of 22 years, compared with 19 for men. Women must save an additional 2% a year for 30 years to make up for that difference. But: Women often start saving two to four years later than men do, on average, and women invest less — 7.3% of earnings, compared with 8.1% for men. One-quarter of women do not contribute to company-sponsored retirement plans at a high enough level to take advantage of the company’s matching funds.
Study by Hewitt Associates, human resources consulting firm, Lincolnshire, Illinois.

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