02.28.23
Secure 2.0 Gives Women What They Need, Advisors Say
by: Jennifer Lea Reed
Some financial advisors are emphasizing that women in particular may reap the most benefit from the Secure 2.0 Act. Jennifer Huisking, vice president of Goldman Sachs Personal Financial Management, said the legislation should be "wonderfully refreshing" for women clients and their advisors. Goldman Sachs researchers in December reported that 50% of women say their retirement savings is behind schedule, compared with 35% of men. Leslie Geller, senior vice president and wealth strategist at Capital Group, also said women and their advisors should welcome the legislation. “SECURE 2.0, far more than the original SECURE, presents more options and opportunities for different people to save for retirement differently," she says. "And I think it’s especially impactful for women because saving for retirement is far less of a one-size-fits-all approach for women and finances.”
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