How Women Who've Never Invested Can Get Started
Lack basic knowledge about stocks, bonds and mutual funds? Here's the way to wise up
Although grown-ups aren't supposed to believe in fairy tales, many women still cling to one — that their husbands will take care of their money. A recent study by Fidelity Investments found that husbands are the primary retirement financial decision maker for 37 percent of couples, and only 17 percent of couples are confident that either spouse could assume responsibility of their joint finances if necessary.
Some people don’t contribute to their retirement plans because they’re overwhelmed by the investment choices. If you’re flummoxed when it comes to deciding which investments are best for you, ask your employer for information explaining the options. If you have a financial adviser, discuss the alternatives with him or her as well. There's nothing wrong with being a novice unless you don't ask for help.