Studies have largely shown over the years that women tend to live six to eight years longer than men. This means they'll need a healthy nest egg that will stretch those extra years. However, historically women have looked at retirement investment very differently than men and, as a result, don't have the cushion they could have when the time arrives.
It is critical now more than ever to account for longevity in retirement planning since people are now living longer than ever. Several factors contribute to steadily increasing life expectancy figures in most parts of the world. People are living longer than their ancestors due to advanced technology and healthier lifestyles.
Saving for your retirement is important, and it is likely you have either a 401(k) or Individual Retirement Account (IRA) set up for that purpose. However, funds have fees that decrease the total amount available at retirement. One fee that can decrease a total balance is an expense ratio, which is a fee that exists on all retirement funds and is one of the most important fees to understand.
Topics: investment fees, Near or in Retirement, Saving for Retirement, hidden investment fees, investment expense ratio, what is an expense ratio, average expense ratio, what is a good expense ratio, expense ratio, expense ratio formula