Even though most people feel there is a need to save for retirement, many do not realize that there are different needs between men and women and how they save. When retirement planning, it is necessary to have more than just a retirement account, you also need specialized goals.
Women are more likely to face their last couple of years in retirement alone because men do not live as long. The Centers for Disease Control says that men’s average lifespan is about five years shorter than women’s.
