Appeared on February 15, 2011
Anthony Curatola, PhD, Joseph F. Ford Professor of Accounting, recently spoke to The Wealth Channel about retirement income, longevity, and government action, the subject of his research article “Retirement Planning in Light of Life Expectancy and Gender Issues,” published recently in the Journal of Financial Professionals.
Curatola says that women have less retirement savings than men on average. “Some of the research has actually shown as much as $1,000 less contributed by women in comparison to men on an annual basis” leading up to retirement, Curatola says. This is a real problem, because women live longer than men, on average.