Women: Put your oxygen mask on financial

Women: Put your oxygen mask on financial - First is
Several years, like many other women, I went through a divorce
There is a time difficult for all. involved, but as a financial professional, the experience reminded me how important it is for women to ask questions and be involved in financial decisions, large and small that affect the family now and in the future.
most people do 't enter the wedding more thinking than think they will become a widow divorce. Yet, women in this country have to clear many obstacles to a healthy financial future. They need to pay attention to simple-finance, married or not-because in one way or another there is a certain probability that they will only personal.
The reality is that women live longer than men. They need to expand their much longer retirement income and the likelihood of the need for additional dollars to help long-term care is a distinct probability. In 2010, about 40% of women over 65 were widows, according to the US Department of Health and Human Services 2011 report on older Americans. Nearly half of women aged 75 or over lived alone, and the median income'S older women is now a paltry $ 15,000, according to the report.
Is our future? This is not to what I want for my girls (Meredith Morgan on the left and right) or the daughters of someone else.
So, in addition to asking questions and taking notice, in my opinion, here is some food for thought for the next generation of women who are married or just thinking
bank accounts :. share joint accounts can help dissolve the mysteries of how and where the family income is spent. Many couples decide to split the costs evenly, but seriously consider having the employee pay more most of the bills. And consider trimming your own savings account in addition to the common responsibilities you may have
The debt before :. Does each spouse responsible for the debt of another committed before marriage and if so, to what extent? Keep the prior debt separate debtor spouse will contribute to the property of the other spouse remains out of reach of creditors
Retirement :. Saving enough for retirement should be a major financial goal for women. Women often spend more time in the labor market than men due to caregiving responsibilities, and because of this they are less likely to have pensions and social security benefits. According to the Ministry of Labour of the United States, women averaged 12 years in the paid labor market, primarily for care delivery functions. When they do work, women on average earn 80 cents for every dollar earned by their male counterparts
Insurance :. disability insurance can provide financial protection in case you are unable to work due to an accident or illness. The benefits of these policies can help you pay your bills. Similarly, life insurance can help provide financial security measure in case of death by providing funds for the children to go to college or keep with a mortgage payment.
Do not be stuck in the dark about your financial future. Make good choices now.