Protegro, Inc.

Empowering Women

Women in retirement may face unique challenges. While every woman’s situation in retirement is different, there are a few factors that tend to make retirement planning different for women than it is for men.



The first factor to consider is that women tend to live longer than men. Women typically outlive men by five years1. For women this means more time in retirement, which requires more planning to create necessary income. In addition, with respect to late-life disability, women make up a substantial share – 57% – of the population aged 65 years or older in the United States and an even larger share – 68% – of those receiving assistance with daily tasks.2

Two additional factors to consider stem from women’s attitude toward finances. Women may be more risk averse and are typically comfortable with alternatives that carry less risk3. Also, according to the Transamerica Center for Retirement Studies, on average women tend to feel less confident about making financial decisions. This study shows that only 10 percent of women are “very confident” in their ability to fully retire with a comfortable lifestyle4.

Regardless of age, lifestyle or marital status, I feel it is beneficial for women to know what important steps they should take regarding their finances.

Retirement is a unique experience for women, and there are different concerns and considerations that need to be addressed because of this. At Protegro, Inc., we can help create a retirement plan that fits women’s particular needs, goals and objectives and help empowering women them to take control of their financial life.

1 https://www.cnn.com/2017/12/21/health/us-life-expectancy-study/index.html
2 https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4860065/
3 https://www.reuters.com/article/us-money-investing-women/why-women-are-better-investors-study-idUSKBN18Y2D7
4 https://www.transamericacenter.org/docs/default-source/women-and-retirement/tcrs2017_sr_women_and_retirement_17_facts.pdf