Divorce can be a lengthy process that may strain your finances and leave you feeling out of control. But with the right preparation, you can protect your interests, take charge of your future, and save yourself time and money. You certainly never expected divorce when you cut the wedding cake--you and your spouse planned on spending the rest of your lives together. Unfortunately, the fairy tale didn't work out, and you're headed for a divorce. So where do you begin?Read More
In this modern day and age it’s simply irresponsible for women to take a backseat when it comes to dealing with their own finances. Although the stereotypical, dated model of men bringing home the bacon and women taking care of the home may (or may not have) worked for the cast of Mad Men, it simply isn’t practical anymore. In fact, approximately one third of women in the United States now identify themselves as a breadwinner (http://bit.ly/Od9DbZ), and that trend will only increase in years to come as gender stereotypes continue to crumble. So rather than tuning out when long term planning is brought up, or even worse, avoiding the situation altogether, here’s my advice to women looking to get on the path to financial security.
Women have always lagged behind men in life insurance ownership, but those numbers are quickly closing in. According to a study done by LIMRA, almost 6 out of 10 women owned some sort of life insurance in 2010, about the same as men’s ownership. So, what’s the big deal? Life insurance, whether male or female, has always been one of the most cost effective ways for men and women to protect their loved ones in the event that anything should happen to them — as well as provide for their own futures. It protects your family in the event of lost income due to death, provides retirement security, pays off mortgages and can even fund college educations. Life insurance is crucial when it comes to protecting your financial future.