This monthly digest is written primarily for the staff of UC Cooperative Extension. It is produced by the staff of ANR's News and Information Outreach in Spanish (NOS) based on news reported by mainstream news media and reputable research institutions. Inclusion in the digest does not imply endorsement, nor does SBMS assume responsibility for the veracity of the information. We invite our readers to refer to the source to read more of each particular brief; we'll try to always include a link.

In a new study, Nationwide Financial revealed that two-thirds of retired Hispanic women say they were driven to retire because of factors beyond their control. Sixty-three percent of Hispanic women polled pointed to illness, disability and company closure, among other outside factors, as the reason for their retirement. The study claims this information reinforces the fact that many need to start planning ahead and prepare for retirement, whether expected or not. The study also found that half of Hispanics between 55 and 59 years of age have no retirement savings and that Hispanic women make a large portion of financial decisions or participate equally with their male counterparts in financial decisions.

Source: http://www.hispanicwire.com/ , March 28, 2007