Are you a woman who's been told to take more risk with your KiwiSaver? It's a tough call, but one that could cost you $200,000 over your lifetime. Westpac has revealed that the gender gap in KiwiSaver balances is narrowing, but women are still falling behind. While men contribute and save more, women live longer and are more likely to be in less risky funds. This could cost them tens of thousands of dollars over time. But here's where it gets controversial: Westpac's general manager, Sarah Hearn, suggests that women take on more risk early in life to make up for the gap. She says that higher-risk funds should deliver higher returns over time, and that women who take a more defensive strategy early on could miss out on tens of thousands of dollars. But is she right? And what should women do? It's a tough call, and one that could have a big impact on your future. So, what do you think? Are you willing to take more risk with your KiwiSaver? And if so, how far are you prepared to go? Share your thoughts in the comments below!
