This paper examines gender differences in the allocation of assets in defined contribution (DC) retirement savings plans, using data from the 1992 and 1995 Surveys of Consumer Finances (SCF). The study finds that while previous research has shown that women tend to invest more conservatively, particularly in avoiding risky assets like stocks, the actual investment decisions are influenced by a combination of gender and marital status. Single women and married men are less likely to choose mostly stocks, while married women are more likely to choose mostly bonds. The results also highlight the importance of controlling for marital status, risk aversion, and the portfolio of assets held outside DC plans when analyzing gender differences in investment decisions. The study concludes that these differences are significant but should be interpreted descriptively rather than causally, given the limitations of the data and potential unobserved factors. The findings have implications for understanding how public and private retirement wealth may be distributed in the future, especially given the trend towards DC plans and reforms in the Social Security system.This paper examines gender differences in the allocation of assets in defined contribution (DC) retirement savings plans, using data from the 1992 and 1995 Surveys of Consumer Finances (SCF). The study finds that while previous research has shown that women tend to invest more conservatively, particularly in avoiding risky assets like stocks, the actual investment decisions are influenced by a combination of gender and marital status. Single women and married men are less likely to choose mostly stocks, while married women are more likely to choose mostly bonds. The results also highlight the importance of controlling for marital status, risk aversion, and the portfolio of assets held outside DC plans when analyzing gender differences in investment decisions. The study concludes that these differences are significant but should be interpreted descriptively rather than causally, given the limitations of the data and potential unobserved factors. The findings have implications for understanding how public and private retirement wealth may be distributed in the future, especially given the trend towards DC plans and reforms in the Social Security system.