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Given the changing roles women are playing both within their family and within society today, married or single, it’s vital for women to be informed about their finances.  While many women have a strong interest in and play a large or the lead role in managing their financial life, many don’t due to lack of interest, lack of time, or complete trust that their spouse has got the family’s financial life in order. I’m here to say that understanding the basics—including how much money they have, how much is owed and what kind of insurance coverage is in place—is critical should they decide to, or need to, take an active role in managing their family financial situation.

A 401k is a great way to save for retirement. There are tax benefits, several investment options, convenience, and if your company matches your contribution, you’re getting the impossible: free money. That’s why more and more workers are investing in a 401k. The problem, however, is that many workers are not getting the most out of their 401k’s because they don’t fully understand how it works and are unclear about their investment options. Consequently, they run the risk of ending up with a nest egg that doesn’t meet their retirement needs. Therefore, before you invest in a 401k, here are some things to consider: