The Common Superannuation Strategy Leaving Women Behind
Many women are starting retirement on the back foot, and one of the most trusted superannuation strategies could be making the problem even worse.
The "60/40" investment strategy, with 60 per cent of savings in shares for growth and 40 per cent in bonds for stability, has been considered the gold standard for retirement.
A study from Monash University found that women are at significantly greater risk of exhausting their retirement savings than men if they rely solely on the traditional 60/40 mix.
This one-size-fits-all approach might not be as reliable as we think — and for many women, it could leave them running out of money far sooner than expected.
Author's summary: Women face retirement savings risks due to traditional strategies.