Journal article
The inequality of distributions from retirement plans as a result of differing life expectancies
Benefits quarterly, Vol.18(1)
01 Jan 2002
Abstract
Even if men and women contribute the same amount to their retirement plans, and their plans perform equally well, there will be disparities in their distributions because of the differing life expectancies. This article highlights the issues as well as demonstrate potential actions by women that are necessary if they are to try to achieve and maintain equal financial footing with men after retirement, which is not to say that such a solution is available. An alternative investment strategy would be to enhance fairness for women as Congress initially suggested by providing a catch-up provision for women alone. The fact remains that all things are not equal, and so this additional contribution to her retirement plan would further lower an already lower pay scale. Using the Roth IRA as the basis of assessment, a woman needs to increase her annual savings from the moment she enters the workforce in order to achieve financial equality during retirement.
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Details
- Title
- The inequality of distributions from retirement plans as a result of differing life expectancies
- Creators
- Janet TrewinAnthony Curatola
- Publication Details
- Benefits quarterly, Vol.18(1)
- Publisher
- International Society of Certified Employee Benefit Specialists
- Resource Type
- Journal article
- Language
- English
- Academic Unit
- Accounting
- Identifiers
- 991020531878104721