Manage your money like a woman

Women typically earn less yet live longer than men, which suggests they need a different financial plan. Here are 13 strategies to ensure a comfortable retirement

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Investing: Make a bigger commitment
Investing: Make a bigger commitment
Despite women's professed reluctance for risk, they invest a lot like men: 401(k) investors of both sexes put roughly two-thirds of their portfolios in stocks last year.

But women need greater equity exposure to reach their goals than men of a comparable age, given their lower lifetime earnings and greater longevity.

Eleanor Blayney suggests a simple formula for determining how much of your portfolio to put in stocks: 120 or 115 minus your age, vs. 110 for men.

NEXT: Famly finances: Shift your focus
Last updated November 05 2010: 11:13 AM ET
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