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How Gender Impacts Retirement Finances
CNBC.com | November 18, 2010 | 01:55 PM EST

Maybe men are from Mars and women from Venus when it comes to dating. However, in retirement it’s too often the case that men live in modest apartments on Main Street while women are struggling to stay off of Skid Row. Here’s a look at some ways men and women differ in anticipating and preparing for retirement, and how that plays out in their twilight years.

Anticipating Retirement

Women look forward to retirement more than men, a survey by the investment firm Ameriprise found, but they feel less financially secure. The majority of men, 56%, were confident enough to plan their own retirement, whereas 49% of women felt they were well prepared.

Another retirement survey by the online investment site TD Ameritrade found further differences between the sexes. Outliving savings was a top concern for 42 percent of men and 37 percent of women, although 10 percent of women experience "extreme stress" about managing their retirement savings compared to 4 percent of men.

Both genders agreed that healthcare expenses were a major concern as they approach retirement. It was the number two issue for those surveyed, with both 38 percent of women and 38 percent of men admitting to worrying about it.

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