Only 23% of women surveyed said they are very confident that they will be able to live a comfortable lifestyle in retirement, Transamerica found in its eighth annual retirement survey. The percentage of women who are very confident remains at the same level of 2004.

In addition, the number of women participating in their 401(k) has dropped from 76% in 2004 to 70% last year, while the median contribution rate has remained at 6%.

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