michael fin any here with a closer look. michael? >> i'm here today with carrie schwab pomeranz from charles schwab foundation.rie, thanks for joining me. 83 cents on the dollar. you're starting out 17% down, right? >> i knopf. women have unique financial challenges. like you said, 83 cents on the dollar versus a man. we tend to go in and out of the workforce to care for children or elderly parents. and we tend to live longer. so given all that, we need more savings for more years of retirement, yet we have less money to do it with. >> let's talk about the longer life. i hardly ever see that even addressed, and yet if you're planning to get to 80, that's a lot different financial planning than planning to get to 90 in retirement. >> social security, for instance, you can have it as early as 62 years old, which unfortunately so many people in this country do that, but then they permanently reduce the benefit by 25%. however, if you wait until you're 70 years old, your benefit can increase up to 76%. so if you're a healthy person, you have longevity in your family, you really might want to consider waiting until