10/12/14 – Why Women are Losing the Retirement Savings Game (CNN Money)

When it comes to putting money away for retirement, women outmatch men. They are more diligent savers and more likely to put a bigger percentage of their paycheck into a savings plan. But when it comes to the final savings tally, women are falling far behind. According to a Vanguard analysis of more than 1 million 401(k) savers, women are 10% more likely to enroll in their workplace savings plan and save a bigger chunk of their paychecks.  Yet Vanguard’s analysis found that female savers have an average balance of $78,000 — far below the male average balance of $121,000.

Read the full article at CNN.