Broker Check

Here for Women in Transition

Loss of Loved One

If you’ve recently experienced a loss, we’d like to extend our deepest condolences. Losing a loved one is difficult enough without having to worry about finances. Our team supports you in avoiding additional stress so you can focus on healing. 

We do not view you as a damsel in distress. We do not want to tell you what to do, but help you take control of your wealth. We want you to be empowered and be CEO of your own finances.

Our goal is to make this a smooth financial transition for you. We want to form authentic partnerships which empower women as investors and wealth management decision-makers, both today and into the future.

Women and Divorce 

Unfortunately, divorce happens. There is a new phenomenon called Gray Divorce; one in four women age 50 and over are getting divorced, and based on census data that number is growing. Gray divorcees may have complicated financial situations which require help.

Couples are deciding to divorce and live alone rather than become a widow or widower. If you are thinking about getting a divorce, it's better to plan for it rather than jump into it without a plan. 

We can work with you to create a financial plan to help you live the life you want. Let us help you pursue your goals so you can spend your retirement years enjoying your loved ones and friends. While you are working and planning for your retirement, enjoy the journey along the way, living life on your terms. Together, we'll strategize to align your values and goals to pursue your ultimate purpose. We have learning webinars and fun events just for our Savvy Women. Partner with us through the accumulation, growth, distribution and transferring stages of wealth. Let us help you preserve your wealth to the next generation.

A Profile*

A Profile*

Name: Vivianne 

Age: 58

Occupation: Sociology Professor

Current Net Worth: $900,000

Three months ago, Vivianne’s husband Matthew passed away suddenly. He was the Vice President of Sales from PayCom and was still a few years away from retirement. They had been married for 35 years. Vivianne would come to the investment meetings with her husband occasionally but left most of those decisions to her husband. They had a living will and trust, lived a frugal life and invested systematically. Vivianne's goal is to retire at age 60 and live on her pension, social security, and investments. Vivianne and her husband had no debt and owed two more years on their mortgage. Vivianne has four children and three grandchildren.

*These are fictional characters and hypothetical scenarios. Please note that individual situations can vary and some strategies may not be suitable for all investors. Therefore, the information presented here should only be relied upon when coordinated with individual professional advice.

Her Concerns

Vivianne is now in charge of all financial decisions that her husband Matthew had taken care of before his passing. She must take charge of complex investments and figure out what to do with her assets. She has many decisions to make and even more questions to ask. It can be overwhelming and lonely to face the daunting paperwork alone. She may even feel as though she will be financially unable to retire. Her husband had a 401(k) at PayCom and a rollover IRA at a financial firm, but she is not sure how to handle it. Now that she is alone, she has begun thinking about:

  • Changes in her own physical health
  • Increasing health care costs
  • Long-term care needs
  • Moving from the accumulation stage to spending and from investing to selling assets for income purposes

How We Can Help Widowed and Divorced 

Advance Financial Lighthouse can help understand the complexities of navigating your financial life. We can help you understand investments and options as well as educate you  about the paperwork and process. We can visit with you over a series of meetings to listen to and understand your situation and goals and also allow you time to process, understand, and educate yourself. 

Vivianne will be able to apply for social security survivor benefits at age 60. She can roll-over her husband's 401(k) into her own Inherited IRA and begin receiving income. She can apply for her husband's pension from his former company and receive spousal benefits. We can assist with all of the paperwork needed to get things started for Vivianne. She can authorize us to transfer the rest of her investments from the Financial Advisor chosen by her husband to one chosen by Vivianne. We can make applications on her behalf for all the life insurance and prepare a financial plan with her goals and desires and determine where she stands financially now, for retirement and the long-term. Throughout the process, we will empower Vivianne to become the captain of her financial ship and help guide her toward wealth planning and estate planning, with her individual goals and intentions in mind.