To all married women! How often do you juggle the financial responsibilities of your household? Many wives have never so much as balanced a checkbook during their married lives. If this is the case for you, have you considered what will happen to your finances should you outlive your husband? This is a very real possibility that unfolds every single day. Don’t become a victim! You can gain help in the face of this devastating and frightening time by consulting American Family Senior Services for financial advice.
Statistics About Women and Finances
In increasing numbers, women are being widowed and left to manage their husband’s finances, often with no prior experience running a household on their own. Statistics dictate women can expect to live as many as three years or more than a man at retirement age. Furthermore, up to 41 percent of senior-aged women have lost their husbands. More research demonstrates that today’s women may end up inheriting most of the expected $41 trillion the American public has accumulated in earnings over the years. Many of them will have no idea what to do with their money. This could lead to tragic financial losses for the widowed woman and her heirs.
Why is a Financial Advisor So Important?
Women—up to 74 percent of them—want to make sure their families are well taken care of through their wills and estate planning. However, we have found many women don’t view the estate planning process favorably.
While the general process of seeking out financial help is an unpleasant one, it is important to the wellbeing of you and your surviving loved ones. Financial planning can help you with:
- Retirement and estate planning
- Management of liabilities
There are all sorts of information you may need to learn, including how to budget properly and how to build up your assets by way of investment. Financial planning makes sure you stay protected from economic disaster.
A Word of Warning
Your situation may become much more difficult than it has to be. If you cannot handle your estate planning by yourself, can you trust anyone else to do it for you? It’s all too easy to fall victim to a scam and end up penniless, which will further limit your ability to care for yourself. Don’t just blindly use your friend’s financial planner. Do research on your own to find credible advise for your financial future.
If you don’t take care of yourself, no one else will. This is why you have to make the necessary steps to keep your finances and assets protected. Whether you’re relying on the money your husband saved up over his lifetime or your social security widow benefits, you deserve a safety net that only a financial advisor can provide.
Let Us Help!
We are partnered with a non-for profit woman-founded financial firm dedicated to the needs of women. This organization is over 120 years old and caters to the unique financial needs of women. Don’t leave your financial decisions in the hands of your friends and family or their personal financial advisors. You must perform your own research and find out what suits your individual needs and wishes. We at American Family Senior Services can assist you with your planning needs. Contact us for any services related to long-term critical illness protection, custodial care, chronic illness insurance, medicare supplements, or annuities.
The prospect of financial instability is frightening and shouldn’t loom over your future. If you don’t want to spend your “golden years” living paycheck to paycheck, contact us for social security retirement information. We can help you create a sound plan.