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.
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.