March 18, 2011 By 1 Comment
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The Widow & Divorcees Financial Survival Guide
What you need to do NOW to avoid devastating financial mistakes surrounding a life transition.
Do you think your finances will always be "okay", even without a plan, because your husband has everything in order?
Do you think your finances will always be “okay,” even without a plan, because your husband has everything in order? Think again! Sooner or later you will be forced to deal with those issues yourself, and it’s important to prepare yourself for that eventuality.
In 1997, after almost 10 years as a financial planner, my father-in-law died shortly after a diagnosis of pancreatic cancer. He had spent many hours analyzing and monitoring his investments, but his widow had no idea what to do or how to do it. To make matters worse, she was diagnosed with Alzheimer’s and eventually had to move into a skilled nursing facility.
My mother-in-law was one of the lucky ones; during her struggle she had enough financial resources to cover her needs. But I know she easily could have been one of the many women I have seen in my 20 years as a financial planner who end up financially devastated.
Don’t let this happen to you; take your future into your own hands! Start to plan for your future financial stability now!
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