It is easy for women get animated when they talk about shoes. We can also get excited talking about travel, wine, and our grandchildren (but not necessarily in that order). However, when it comes to money, 61% of women would prefer talking about their own death and burial. That’s because talking about money is often considered awkward and uncomfortable.
One of the goals of our new Women’s Initiative is to build a safe place for women to begin having an open conversation about MONEY! Why?
There are major trends that affect the financial well-being of women.
According to the U.S. Census Bureau, the average age of a widow is 59 years old, and three out of four married women are widowed by the age of 75. This means that 80% of us women will die single, so we might as well begin having conversations surrounding money and finances.
At the same time, according to Pew Research, the divorce rate among couples over 50 has doubled since the 1990s. If we find ourselves suddenly single because of divorce, we will be solely responsible for our own financial well-being, and that’s a very good reason to pay attention to our money, starting now.
Life is full of uncertainties. It sounds cliché, but it’s true.
So wear your nice shoes and let’s talk about money over a glass of wine (I prefer red). We can talk about how to fund your next travel escapade or regale each other with stories about children (or grandchildren).
Ready to meet with us in person? Schedule a meeting here.
*Advisory services offered through Paul Winkler, Inc. (‘PWI’), a Registered Investment Advisor. PWI does not provide tax or legal advice: please consult your tax or legal advisor regarding your particular situation. This information is provided for informational purposes only and should not be construed to be a solicitation for the purchase of sale of any securities.