A MassMutual Retirement study released on Tuesday found that women put their retirement assets in target-date options twice as often as risk-based options in the fourth quarter of 2010, while men were just as likely to use a target-date fund as they were a risk-based one.

In general, women in retirement plans administered by MassMutual have been moving an increasing percentage of their retirement savings into asset allocation investments, such as target-date funds and risk-based funds. At the end of 2010, women had 24.3% of their retirement assets in asset allocation options, while men had 24%. Yet among female investors, average balances in target-date investments were about double those of risk-based options, while men were split roughly evenly between target-date and risk-based options. MassMutual's data reveals that men prefer risk-based investment selections and exhibit a preference for having more control over their investments.

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