Scarce Resources for Retirement Planning

Abstract
The need for pre-retirement planning for women is of growing concern today. Little is known about female professional workers and the problems they experience with pre-retirement planning. This study surveyed 218 professional women regarding their retirement plans and compared their responses to those of 239 professional men. The study focused on several issues: (a) what resources are available to professional women as compared to professional men for pre-retirement planning; (b) how gender is related to financial planning among professional workers; and (c) how gender is related to expectations about retirement income. In general, women were found to be disadvantaged, and strategies to meet their pre-retirement needs were suggested.