This study compared men and women, focusing on three middle‐year age groups incorporating the baby boomers, in relation to the level of savings for retirement and the number of savings vehicles utilized. The research tapped into a study conducted by the National Center for Women and Retirement Research. Usable responses were received from 1,287 persons, 872 females and 415 males. Multiple linear regression identified certain personal characteristics, economic factors, psy‐chosocial factors, attitudes, and investing methods that appeared to be related to the level of savings for retirement. Certain personal characteristics, economics, and psychosocial factors were identified for the investments used. The identified factors were true for both genders, thus a profile of the person most likely to have a higher level of savings for retirement and likely to own investments emerged. The males best fit the savings and investing profiles. Neither gender was saving adequately for retirement or taking full advantage of portfolio diversification, with women the lowest. Recommendations are made, based on the findings, for educators, financial institutions and advisors, employers, and policy makers.
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