One in 5 millionaire women say they have no plans to retire-significantly higher than their male counterparts, finds Goldman Sachs | Fortune

"Nearly 20% of American women with more than $1 million in assets say they have no intention of retiring, significantly ahead of their male counterparts, according to new research exclusively shared with Fortune. The Goldman survey, which included more than 1,000 U.S. high-net-worth investors, found 18% of women-with an average age of over 60-have no plans to retire. The same can only be said for 11% of men."

"The report, titled "Opening the Door to Alternatives," found that women had three main investment goals: Maintaining their spending came first, with 48% of women saying this was a motivation, followed by 47% of women saying they want to preserve their wealth. A further 44% said their investment strategy included planning for a comfortable retirement, with women on average saving 17% of their income each month. Of the female respondents Goldman spoke to, their average income was a little under $550,000 a year."

"Female investors were also extremely focused on performance in their investment strategy, identifying it as the characteristic they look for first when entering into a new purchase. The flip side is that they are more focused on risk: 92% of the women Goldman spoke to didn't own alternatives, with 34% saying the asset class was too risky. Even then, alternatives weren't ranked the most risky by female investors-they said cryptocurrency was by far the least reliable asset,"

18% of high-net-worth American women, average age over 60, have no plans to retire, compared with 11% of men. Women prioritize maintaining spending (48%) and preserving wealth (47%), while 44% plan for a comfortable retirement and save about 17% of income monthly; average female respondent income is under $550,000. Women allocate 40% to equities (versus 45% for men), 21% to cash (versus 19%), and 25% to fixed income (versus 23%). Performance ranks highest as an investment criterion, yet 92% do not own alternatives and 34% deem alternatives too risky; cryptocurrency is seen as especially unreliable.

Read at Fortune