Financial Planning Association:  “The odds are extremely good that my wife will outlive me. Whatever the reason – genetics, a healthier diet, the fact that she uses our treadmill as something other than a clothes rack – there will likely come a day when she bids me adieu.

Most people know that women have a longer life expectancy than men, living about 81 years compared to 76 for the average male. But what they may not have considered is what this statistic means in reality: namely that the overwhelming majority of people in retirement are women.

In the U.S., women make up nearly 60 percent of the population over age 65 and nearly 70 percent of the population of those over age 85.How should that reality affect the retirement planning of the fairer sex?”