The Common Superannuation Strategy Leaving Women Behind
Many women are starting retirement on the back foot due to a trusted superannuation strategy that could be exacerbating the problem.
The "60/40" investment strategy, which allocates 60% of savings to shares for growth and 40% to bonds for stability, has been considered the gold standard for retirement.
- Many superannuation funds follow this formula by default.
- Plenty of retirees trust it to see them comfortably through their later years.
However, new research from Monash University suggests that this one-size-fits-all approach may not be reliable, particularly for women, who are at a significantly greater risk of exhausting their retirement savings if they rely solely on the traditional 60/40 mix.
This strategy could leave women running out of money far sooner than expected.
Author's summary: Women's retirement savings are at risk due to a common strategy.
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