If you’re married or in a committed relationship, who oversees your family’s wealth? Whether you are busy running a business, managing the household, or simply disinterested, it’s best not to relinquish total control to your spouse. He or she may be wonderfully responsible and extremely knowledgeable, but it’s imperative you stay informed. You may end up in charge of your wealth someday anyhow (since the average woman outlives the average man). And, who wants the added burden of a learning curve when they’re grieving?
Here are three suggestions to give you better control of your wealth right now:
Suggestion #1: Learn more about financial planning. This may sound daunting, but it’s not. All you need to do is attend one of our Solutions for Women programs (and we hold them quite often) so you can get the information you need in a fun, relaxed and not the least bit intimidating environment (with refreshments). And do a friend a favor by bringing her along.
Suggestion #2: Read about how Romeo and Juliet tackled the issue. In our re-imagined wealth planning saga (DOWNLOAD button below), see how Romeo comes to realize why Juliet should have greater control of their wealth plan. (And consider sharing this story with your spouse.)
Suggestion #3: Meet with your Luma Wealth advisor. Your advisor is always happy to meet with you to answer your questions about investing and wealth planning. Just give us a call!