When it comes to your financial choices, there is a lot to consider. Laurie Siebert, CPA, CFP®, AEP® reminds women to think about a few things that may make their planning needs unique.
1. Kids Benefit from Having a Working Mom, according to an article from the Harvard Business School Working Knowledge forum READ MORE
2. Stay at home mom’s need life insurance as much as working father’s do. Consider what it would cost to replace the services working mom’s provide – care giving, household maintenance and budget savings, to name a few. Make sure that you are reviewing life insurance needs as soon as you marry or have a family.
3. Make sure that your financial planning includes projections for your longer life expectancy, including calculations for pension and Social Security options.