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Women’s Retirement Needs Calculation and Personal Retirement Savings
Short Abstract
An essential first step in retirement planning is calculating retirement savings needs; however, only a few studies focused on this topic (Mayer, Zick, & Marsden, 2011). The purpose of the research was to examine the relationship between retirement needs calculation and retirement savings among non-retired women aged 25 years and older. The assumption was that if calculating retirement needs had a relationship with other variables, educators and financial advisors could use this information to assist consumers. Educators and financial advisors can use these findings to help consumers. Clearly, there is a need to teach non-retired women to calculate their retirement financial needs.