I just finished reading the results of the Credit Union National Association's Women's Financial Survey which have been featured on the front page of the USA TODAY's Money section (9/9/13) as well as on Forbes.com (8/28/13) in an article about women and emergency savings.
The articles said that roughly 59% of women age 45 to 60 don't have an emergency fund that would cover their expenses for even six months.
The Women's Financial Survey polled 1,042 via the internet from a population of women nationally, with an even distribution of respondents born in each decade from 1920 to 1980.
The survey found that the number one financial concern for women is saving for retirement. Findings showed that women use 401(k)s (45.3%) and pension plans (35.8%) the most to save for retirement, while 40% of women reported owning multiple retirement plans. The survey also found that 51.2% of women were not confident in their financial ability.
METRO is here to help! I want to make sure that all our members, women in particular, are aware that we provide an excellent resource to plan for retirement with Wendy Cundari, METRO Investment Services' Financial Advisor. There is no charge for Wendy to consult with you or to help you prepare your financial plan. It's never too late or too soon to start planning for retirement.
Wendy is presenting a very timely workshop on November 20 at our Parkway Branch. I hope that you can take advantage of this opportunity to start planning and preparing for your future with confidence.