The answer to that question is simply, yes. We face many challenges men never even have to think about. We live longer, our careers are usually interrupted by family needs, and many of us tend to be less knowledgeable and more conservative about investing. First let's look at our biological clock. It's a fact.
Women live five to ten years longer than men.
The average age for a woman to be widowed is 55. Given this biological fact a woman needs a much larger nest egg, yet there are many things that get in her way. Think of your life. These are all reasons that lead to retirement planning obstacles . Well the average woman will spend 14.7 years away from the workforce, while a man spends only 1.6 years away.