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3 Ways Women Can Bridge the Retirement Gap

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Studies show women make better investors than men, but you wouldn’t know that looking at women’s retirement accounts.

Here are the harrowing numbers:

Men’s average 401(k) balances are more than 50% higher than the average for women, according to a 2015 Vanguard study.

On average, men contributed about 22% more to individual retirement accounts of all types in 2014 than women, according to recent estimates from the IRS.

When it came to end-of-year fair market values for IRAs, the average for men was nearly $63,000 more than for women, the IRS reports.

In 2014, nearly half of elderly unmarried women receiving Social Security relied on those benefits for 90% or more of their income, the Social Security Administration says.

What gives? Blame...

Continue reading on www.nerdwallet.com

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