Baby Boomer Women In Retirement

MetLife Retirement & Income Solutions

Baby Boomer Women Are Struggling As They Near Retirement

Jul 14, 2021

The pandemic has impacted all Americans, but it has proven especially stressful for women. While many women face job insecurity or the question of leaving the workforce to meet their demands at home, women nearing retirement struggle with securing their financial future.1

Infographic of boomer women in retirement

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Here’s what you need to know about the struggles boomer women face as they approach retirement, and how employers can help guide the women in your workplace toward a more financially secure future.

Baby Boomer Women in Retirement Infographic

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Guaranteed Lifetime Income in Retirement* 

Offering lifetime income solutions can help you complete your company’s defined contribution retirement plan — and provide your employees with the peace of mind that they'll never outlive their retirement savings.**

1 McKinsey & Company. Women in the Workplace 2020. https://www.mckinsey.com/featured-insights/diversity-and-inclusion/women-in-the-workplace.

2 MetLife Research, February 2021. On behalf of MetLife, CITE Research (www.citeresearch.com) conducted an online survey among 600 employees nearing retirement. Employee research was conducted between February 5-10, 2021. Employee Respondents were screened to be planning to retire in the next five years or beginning to play retirement, be 56-75 years of age and have access to a 401(k) plan through their employer.

MetLife’s 19th Annual Employee Benefits Trends Study, 2021

* All guarantees are subject to the financial strength and claims-paying ability of Metropolitan Life Insurance Company or Metropolitan Tower Life Insurance Company.

** Group annuity contracts are issued through Metropolitan Life Insurance Company or Metropolitan Tower Life Insurance Company. Like most group annuity contracts,Metropolitan Life Insurance Company and Metropolitan Tower Life Insurance Company group annuities contain certain limitations, exclusions and terms for keeping them in force. Ask a Metropolitan Tower Life Insurance Company representative for costs and complete details. 

Group annuity contracts are issued through Metropolitan Tower Life Insurance Company (MTL) or Metropolitan Life Insurance Company (MLIC). Like most group annuity contracts, MTL and MLIC group annuities contain certain limitations, exclusions and terms for keeping them in force. MTL and MLIC annuity products may not be available in all states. Contact your MetLife representative for more information.