Men and women have always perceived things differently. Apparently, retirement is not so different. Men and women think about retirement differently, talk about it differently and share their ideas differently. Their ideas about retirement and employer contributions are also very different. Their trust on investment methods is also very different. All these factors were revealed in a recent survey.
Results of Survey on How Men and Women Think About Retirement
The survey was organized by a renowned record keeper and retirement plan provider OneAmerica. The survey found that men think of retirement more often than women. About 69 percent of men think about retirement every month. In contrast, just 55 percent women think about retirement on a monthly basis.
Men also talk more about retirement with their colleagues. About 29 percent spoke about it with the colleagues. This percentage is just 22 percent in women which clearly indicates that women are more conservative about talking retirement plans with their colleagues. The survey also discovered that men were more eager to cite a story about retirement in the news or media. The percentage of men admitting to that was 16 percent when compared to 11 percent for women.
Monitoring Frequency
About 53 percent of men monitor their retirement plan on a monthly basis. Women do so less frequently because only 36 percent admitted to monitoring it monthly. While men and women have an understanding that knowing how they can stack the money to meet their goals is important, about 54 percent of men said that it was very important as compared to 48 percent of women.
Employer Contribution and Investment Options
The ideas of men and women on retirement contributions made by the employers are also very different. In this area, women expect the employers to match the contribution as compared to men. About 64 percent of women admitted that they gave importance on the employer match while only 61 percent men gave it importance.
Men and women also think of pondering various investment options in a different manner. About 29 percent of men think that investment options are valuable and the percentage of women considering investment options to be vital are just 21 percent.
Different Opinions
It seems that men and women will always have different opinions on everything. They can hardly agree on think about retirement the same way because their minds work differently.
