You’ve heard the term, backseat driver.
They pretty much have all of the stress and none of the control over where the car is going.
You may feel that way when it comes to your finances.
Maybe your partner takes the lead, or you just haven’t taken an active role in planning for your financial future.
You owe it to yourself to get in the driver’s seat.
Even if you aren't right now, there’s a good chance that at some time in your life, you will be driving solo - whether that’s due to death or divorce. According to Pew Research, nearly half of all women 65 and older are single. [Source: Pew Research]
So take the opportunity now to be proactive, rather than reactive later on.
If you’re single, make sure you have:
- Emergency savings
- Life insurance
- Disability insurance
- A will, power of attorney, and health directive.
- Have non-retirement investments.
- And it’s important that you find a financial advisor you trust. You can consult them for so many things… like buying a car or a house or negotiating a salary.
If you’re married:
- Have your own money in your own account.
- Understand your family’s expenses and debts.
- Have as much life insurance as your spouse.
- And even if you’re not working, have your own IRA.
- You also need a will, power of attorney, and health directive.
- And you should meet regularly with your financial advisor - and make sure your voice is heard.
When I was young, I was fortunate to learn from my mother. She took charge of the finances and set a great example for me.
No matter if you are single, married, a stay-at-home mom or climbing the corporate ladder - your value is worth protecting.
We can help you get started - and realize your grand view of life.