Men and women approach retirement differently

Since 1992’s “Men Are From Mars, Women Are From Venus,” we’ve known manay ways the sexes differ. Now, it seems there are variations in how we think about retirement.

TIAA recently released its Voices of Experience Survey, a 44-page report that finds:

Men start planning for retirement earlier; 22 percent of men said they began planning before age 30, versus only 12 percent of women.

Men are more likely to be very satisfied with their financial health (58 percent) than women (46 percent).

Women and men were equally concerned about being a burden to others, but women were twice as likely to say that their biggest concern in retirement was running out of money (29 percent vs. 15 percent of men). Women were also more concerned about being lonely (19 percent vs. 11 percent).

In retirement, women were more likely than men to spend time alone for personal interests, spend time with family and socialize with friends.

— Washington Post

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