Women with full-time jobs earn an average of 79 cents for every dollar men make, according to the Institute for Women’s Policy Research. Given potential lower salaries over the course of their careers—and time away from the workplace to care for children or aging relatives—good money management and smart investment choices become even more critical. The Pennsylvania Institute of Certified Public Accountants spotlights five critical questions women should be asking about their financial planning and the answers they need.

Do you have confidence in your investment decisions?  

Conservative investors, those who choose investments with low risk and low yield, run the risk of missing out on potential investment growth. While you should always respect your own risk tolerance in making an investment, keep in mind that women tend to be more conservative with their money, and perhaps less confident. About 57 percent of men consider themselves knowledgeable about saving and investing, according to a Blackrock Investor Pulse Survey, but only 48 percent of women feel that way. The best solution is to learn a little more about your options so you can make informed decisions. You can do that by reading up on investments, attending seminars, joining an investment group, or reaching out to your local CPA.

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