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Retirement planning: Biggest mistakes by men and women

When planning for retirement, one of the biggest mistakes Americans make is that many of us don't make any plans at all.

In a recent survey, 75 percent of Americans nearing retirement age had less than $30,000 in their retirement savings account. Most people ages 50 to 64 are planning to rely solely on Social Security to fund their golden years.

(Read more: Don't go it alone with 401(k) plan)

Richard Clark | E+ | Getty Images

There are big differences between how men and women plan for their retirement. One of the biggest challenges for women to plan for and to accept is the fact that it is highly likely they'll outlive their spouse. Women are going to spend more time in retirement with less money.

As part of our continuing coverage for the CNBC.com Special, "FA Playbook," CNBC's personal finance reporter Sharon Epperson takes a look at the biggest mistakes men and women make when planning for retirement and how you can avoid making them.

(Read more: What you should be asking your financial advisor now)


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  • Brittney Castro

    Founder and CEO of Financially Wise Women, an investment advisory specialized in helping women and couples meet financial goals.

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    Richard Coppa is managing director of Wealth Health, advising high-net-worth executives and business owners.

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