This paper examines gender differences in the allocation of assets in defined contribution (DC) retirement plans. Using data from the 1992 and 1995 Surveys of Consumer Finances (SCF), the study finds that women are less likely than men to invest in risky assets like stocks, which could lead to significant differences in retirement wealth accumulation. However, the differences are more complex than previously thought, not fully explained by individual or household characteristics. The study uses a multinomial logit model to analyze investment behavior, controlling for variables such as marital status, risk aversion, and assets held outside DC plans. Results show that gender and marital status interact to influence investment choices, with married women more likely to choose 'mostly bonds' than single women. The study also finds that education and age do not significantly affect allocation decisions. Portfolio effects are considered, with individuals holding more than 33% of their assets in bonds being less likely to choose 'mostly stocks'. The paper also discusses differences in DC plan participation, finding that women are less likely than men to have such plans, with married women being least likely. These differences may be partly due to self-selection into jobs with DC plans. The study concludes that gender and marital status significantly affect asset allocation in DC plans, and that these effects are important but not fully explained by observed characteristics. The findings highlight the importance of considering these factors in understanding retirement wealth distribution.This paper examines gender differences in the allocation of assets in defined contribution (DC) retirement plans. Using data from the 1992 and 1995 Surveys of Consumer Finances (SCF), the study finds that women are less likely than men to invest in risky assets like stocks, which could lead to significant differences in retirement wealth accumulation. However, the differences are more complex than previously thought, not fully explained by individual or household characteristics. The study uses a multinomial logit model to analyze investment behavior, controlling for variables such as marital status, risk aversion, and assets held outside DC plans. Results show that gender and marital status interact to influence investment choices, with married women more likely to choose 'mostly bonds' than single women. The study also finds that education and age do not significantly affect allocation decisions. Portfolio effects are considered, with individuals holding more than 33% of their assets in bonds being less likely to choose 'mostly stocks'. The paper also discusses differences in DC plan participation, finding that women are less likely than men to have such plans, with married women being least likely. These differences may be partly due to self-selection into jobs with DC plans. The study concludes that gender and marital status significantly affect asset allocation in DC plans, and that these effects are important but not fully explained by observed characteristics. The findings highlight the importance of considering these factors in understanding retirement wealth distribution.