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Financial Risks for Women in Retirement

Older latinx couple kayaking

Retirement is an important and exciting time for many individuals, but it can also be a source of financial risk. Women are particularly at risk due to factors such as longer life expectancies, higher healthcare costs, and widowhood. By understanding the challenges and having a plan in place, women can ensure that their retirement years are secure, comfortable, and rewarding.  ​​


Women tend to be more risk-averse than men, which means they are less likely to invest in higher-yielding investments that can help protect their savings from inflationary pressures. Compounding this problem is the fact that women generally have longer life expectancies, meaning their assets are exposed to inflation for a longer period. This can lead to their assets drying up much faster than anticipated, leaving them without enough money to maintain the lifestyle they had hoped for in retirement.


Women are also more likely to experience higher healthcare costs in retirement due to their longer life expectancies. There is also a greater risk of chronic or critical illness associated with aging, which can lead to more costly treatments and increased expenses.


Women are also more likely to outlive their spouses, which can leave them with very limited resources in retirement.


Fortunately, there are steps women can take to mitigate these financial risks in retirement. Implementing strategies early on, such as making use of permanent insurance, Roth IRAs/401Ks, Roth annuities and Long-Term Care Insurance can offer tax advantages and help protect their nest egg well into their golden years.

Read our full article on this topic to learn more about how Kapnick can help ensure you can enjoy your golden years with security and peace of mind, or reach out to us at or 888.263.4656.