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Srbo Radisavljevic
Managing Principal/Investment Advisor

Edge Portfolio Management


State: IL

At Edge, a low client to advisor ratio allows for personal and customized service for each individual.  Our goal is to work as a team for each client to provide not only portfolio management but wealth coordination and financial planning.  We make every effort to have frequent communication with our clients and to provide timely response to calls and emails.  I also enjoy spending time with my wife and three kids, following Chicago sports, enjoying ethnic cooking, and serving as a school board member for Norridge School District 80.

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Women Less Prepared for Retirement than Men

Women live longer than men so should have longer retirements and greater retirement accounts, but they don't.

| BY Kent McDill

Women worry more than men, about almost everything. When it comes to financial matters, it’s statistically significant how much more women worry.

A new report from the Insured Retirement Institute shows that women are very concerned about the impact the recent recession had on their retirement funds and plans. This news rides along with Spectrem’s Millionaire Corner reports that show that women are very uncertain of their financial future, even when they are relatively wealthy.

According to Spectrem’s study on the investment concerns of men vs. women, 59 percent of all female investors with a net worth of at least $100,000 were concerned about being able to retire when they want to, while only 44 percent of men from the same wealth level felt that way.

From the IRI, an association which represents annuity providers, 35 percent of Gen-X women and 21 percent of Baby Boomer women report that the economic downturn made it harder for them to pay the family mortgage. Almost 20 percent in both generations said they stopped making personal contributions to their employer-sponsored retirement plan, and 10 percent took premature distributions from their plans, which obviously affects their retirement security.

The concern goes beyond retirement to their lives prior to retirement. According to Spectrem research, 39 percent of affluent investor women say they are concerned about losing their job or about their spouse losing their job, while only 29 percent of men feel that way.

Women also express far greater concern about being taken care of when they are elderly, and worry about who is going to finance their long-term care.

A survey by Northwestern Mutual showed that 25 percent of women who can make regular contributions to a retirement account fail to do so, compared to only 5 percent of men who have the same opportunity.

The Northwestern Mutual study also showed that married women do not take an active role in the couple’s financial planning, which flies in the face of actuarial statistics that show women have a life expectancy of 10 years greater than men.

“”Men are willing to take more risk in their (retirement) plans because of their nature and because of their shorter longevity,’’ said Rebecca Barsch, a vice president at Northwestern Mutual. “We encourage women to see themselves as the ultimate owner of their retirement income plan on the assumption that they will be the one relying on it.”


About the Author

Kent McDill

Kent McDill is a staff writer for Millionaire Corner. McDill spent 30 years as a sports writer, working for United Press International and the Daily Herald of Arlington Heights, Ill. From 1988-1999, he covered the Chicago Bulls for the Daily Herald, traveling with them every day through the nine-month season. He also covered the Bulls for UPI from 1985-88, and currently covers the team for He has written two books on the Bulls, including the new title “100 Things Bulls Fans Should Know And Do Before They Die’, published by Triumph Books. In August 2013, his new book “100 Things Bears Fans Should Know And Do Before They Die” gets published.

In 2008, he resigned from the Herald and became a freelance writer. The Herald hired him to write business features and speeches for the Daily Herald Business Conferences and Awards presentations.

McDill also writes a monthly parenting column for the Herald’s Suburban Parent magazine.

McDill is the father of four children, and an active fan of soccer, Jimmy  Buffett and all things Disney.