The AARP has just launched its Women's Leadership Circle and they did it with a keynote address by Ted Mathas, executive vive president of New York Life Insurance Company. Mathas detailed the state of retirement for women and mapped out the necessary steps needed to ensure a financially sound future for women and their families.
For one, he stated rather boldly that financial planning for retirement is, by definition, a women's issue. "The numbers don't lie: by age 85, there are twice as many women as men. And they need to be planning well in advance for their economic self-sufficiency." In short, women, he says, face far greater financial risk during retirement than men.
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