Social researchers and financial experts agree that women investing for retirement--especially those from African-American, Latino and other ethnic communities--are facing tough choices in the wake of the last decade’s financial downturns.

Today’s tough economy leaves female retirees—regardless of whether they’ve had financial guidance—to grapple with decisions about how to invest their hard earned savings. Although retirement research and best-practice recommendations may be sparse, one thing many working women have going for them is their resilience.

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Experts say that data is limited on how women invest for their post-retirement years, partly because of individuals’ reluctance to share information about their finances, said Wilhelmina Leigh, a senior research associate in economic security for the Joint Center for Political and Economic Studies, in Washington, D.C.

Read more at New America Media.

Researchers and financial experts alike agree that women’s post-retirement investment practices are topics worthy of exploration. But until such data and suggested best practices emerge, it’s tough choices for today’s female retirees who, with or without financial guidance, face tough decisions about how to invest their hard earned savings.

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On the topic of how women in general invest post retirement, experts say the data is limited and has to be inferred from what has been documented. That’s due in part to individuals’ reluctance to share information about their finances as well as the lack of funding to conduct such research, said Wilhelmina Leigh, Ph.D. and senior research associate in economic security for the Joint Center for Political and Economic Studies.

In 2009, the Joint Center polled 1,700 individuals in the National Opinion Poll about Social Security, Retirement Savings and the Economic Downturn. One specific question was designed to gauge how many respondents had consulted with a financial planner within the year prior to. According to the results, 16.4 percent of the 475 Black women polled and 15.9 percent of the 377 white women polled said they had consulted with a financial advisor.

Read more at The Louisiana Weekly.