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Financial Planning Considerations for Single Women Thumbnail

Financial Planning Considerations for Single Women

For various reasons, the state of a woman’s financial security often depends on her marital status. A study from the U.S. Government Accountability Office says that women’s household income dropped by 41 percent after divorce, nearly double the size of the decline men experienced. In 2020, women earned just 82.3 cents on the dollar compared with men, according to the Department of Labor’s Bureau of Labor Statistics, a gap that was more pronounced for women of color. And women earn less than their male counterparts in nearly every occupation. Whether you are newly divorced, widowed, or single by choice, the following tips could help you shore up your financial security.

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Are trusts worthwile? Thumbnail

Are trusts worthwile?

Estate planning can be daunting, especially when you consider the various intertwining factors. One commonly asked question is whether trusts are necessary for your estate plan. In this article we will discuss various factors to help you determine whether a trust is right for you.

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