After the loss of a spouse, especially when it comes unexpectedly, it can be overwhelming to have to deal with so many financial and lifestyle decisions. Many women find themselves in a situation that they may not be familiar with—as many times, their husband has been the primary party dealing with the finances. This may…
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Planning For Retirement Doesn’t End When You Retire
Most people think that planning for retirement ends on their last day at work. But in reality, all of the planning you did up until that point—figuring out when you want to retire, how much you need to save each year, when to claim Social Security—is only the first phase of retirement preparation. On the day you…
7 Financial Tips for Women Preparing for Divorce
Going through a divorce can be emotionally and financially stressful. While it is important to mentally prepare for some of the raw emotions that will certainly come along with divorce, it is also important to prepare financially for divorce. Statistically, it is more likely for a woman to fall into poverty or a much lower income situation after a…
The Pros and Cons of Remarrying Later in Life
Getting married is a big step for any couple to take. Typically, when we think of the important factors of marriage, we relate it to a young couple finding compatibility, having children, and reaching life goals together. Finding love later in life—after having children, reaching certain life goals, and already having assets acquired—has a completely…
5 Ways Women Over 65 Can Still Plan for a Secure Retirement
Planning for retirement starts in your twenties, but what if you are in your sixties and nearing retirement and haven’t planned properly? Is there anything that you can do to make your retirement more financially independent? The answer is yes. Here are 5 ways a women over 65 can still plan for a financially independent retirement: Develop good habits…
What To Do When You Receive an Unexpected Windfall
If you’ve ever come into an unexpected windfall—maybe a bigger than expected tax refund or a much-anticipated inheritance—you probably know that feeling of giddiness. It’s an exciting feeling, thinking of all the things you can buy, maybe a new car or that kitchen remodel. The problem is, that feeling won’t last long. Ever heard of…
The Cost of Tapping Your Retirement Accounts Early
When money’s tight and times are tough, it can be difficult for retirement savers to ignore the money they’ve stashed in a 401(k), IRA or other retirement savings account. Still, while it may make sense in some situations to tap into those accounts early—for example, if a job loss has put you at risk of…
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