We hear so much about the importance of estate planning and avoiding probate, but very little about the details of why and how. Why is estate planning important? What is probate, anyway? What’s so bad about probate, and how can estate planning help avoid probate? What is probate? Probate is simply the legal process of…
Recent Articles
My Husband Just Passed Away – Now What Do I Do?
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…
Social Security: Will The Benefits Last?
When Social Security was established in 1935 by President Roosevelt, the benefits represented economic security to many in their retirement. The first monthly check was issued to Ida Mae Fuller of Ludlow, Vt. back in 1940. Her first check was $22.54, and she lived to age 100 passing away in 1975. Over her 35 years…
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…
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