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Women should be ‘more aggressive investors’ to overcome retirement challenges

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When it comes to basic financial literacy, American women seem to be lagging behind men, writes Rachel Cao for CNBC. New data suggests that only 18 per cent or working-age women can pass a quiz on retirement income knowledge, and more than 80 per cent of women aged 60 to 75 failed the quiz “which featured questions on annuities, company retirement plans, paying for long-term expenses, Medicare planning and ways to manage income in retirement,” she writes.