6 Money Rules All Single Women Should Live By

2. Get educated

Knowledge is power. Yet just 7% of women surveyed by Prudential Financial gave themselves an “A” grade when it came to their knowledge of investing. That lack of confidence can translate into a less secure retirement.

“Women who tend to know little about investments tend to err on the side of being conservative,” says Motz. “You will most likely live a long time and this money will need to grow. That means allocate at least 60% to equities if you are in your 50s and 80% if you are younger.”

Getting good advice can help a woman make smarter investing decisions and increase her overall retirement confidence. Sixty-three percent of women who’ve received financial advice feel that they are saving enough for retirement, compared to 45% of those who had never talked to an adviser, according to a survey by TIAA-CREF.

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