Los Angeles, CA (PRWEB) March 18, 2014
In line with the celebration of International Women’s Day, Transamerica Center for Retirement Studies conducted a study on “Fourteen Facts About Women’s Retirement Outlook”. This study was created to educate awareness about the financial risks women face and describes methods on how women can have better outlook in terms of retirement. Sense Financial shares how Solo 401 k could help women become confident on their retirement outlook.
Based on their survey, one of the fourteen facts about retirement outlook of women is that only 7% of them are “very confident” that they will have comfortable lifestyle when they retire completely. Additional facts stated on their report says that after retirement, 52% still plan to work and 53% expect to make retirement contributions on their own through 401 k retirement plan or other investments and savings.
According to Catherine Collinson, President of Transamerica Center for Retirement Studies, “How each woman ultimately plans on spending her retirement is unique, but the tools to help attain retirement readiness are common to all,” she added, “Women have made tremendous strides in recent decades in terms of educational attainment and careers. Now is the time to make even greater strides in achieving a financially secure retirement.”
One of the seven steps specified on the study to improve women’s retirement readiness is to become educated about retirement investing. Sense Financial, with its expert approach in retirement planning could help women understand diversified investment options through its Solo 401k plan. Awareness about non-traditional investment options as well as total control on their retirement account would be an eye opener for women to obtain risk reduction on their retirement funds.
Solo 401 k also complies with the step specified on the study which is to develop a retirement strategy by envisioning the future retirement they want to achieve and formulate a goal on the amount of money they will save for the plan every year. Aside from diversified investment choices, Solo 401k allows a plan holder to make contributions up to $57,500 and be assigned as the account’s trustee, therefore given the capacity to administer the account. The option to make Roth contributions is also given to account owners who wish to grow their retirement funds tax-free.
Sense Financial is California's leading provider of retirement accounts with "Checkbook Control": the Solo 401k and the Checkbook IRA. Over the years, they have assisted hundreds of clients obtain checkbook control over their retirement accounts while providing them with the ability to invest in virtually any investment class, including real estate, private lending, mortgage notes and much more without the need for custodian approval.
To learn more about the solutions they provide, please contact: (949) 228-9393.