Advising Divorcing Women
July 31, 2017, by The Harvest Group
A 38% divorce rate and women’s life expectancy averaging five years longer than men mean that 80% to 90% of women will be solely responsible for their finances at some point. Additionally, women are faced with losing wages, potential future income and retirement savings if they leave the workforce to raise a family.
For these reasons, it’s crucial for financial advisors to help women make their own financial needs a priority and create a solid retirement savings plan. Laurie E. Ingwersen, Managing Partner and Senior Wealth Management Advisor with The Harvest Group, outlines the seven essential estate-planning tools to provide to a divorcing woman so that she can maintain control of her financial future., Managing Partner and Senior Wealth Management Advisor, reviews the seven essential estate planning tools.