Managing Your Wealth through Life Transitions

Article Summary

• Life changes all the time, and many times those changes involve financial implications, which is why many women appreciate guidance from a financial expert.
• Women tend to navigate life transitions that are unique to them, from childbirth to career disruptions to caregiving and inheritance. Many times, women find that an experienced financial guide allows them to see the whole picture. 
• Many women find that the guidance offered by a financial expert has a way of separating the emotion linked to life’s transitions from the focus needed to make financial decisions.
  

Life can have its ups and downs, its tight turns and its easy, breezy downhill drives. Change comes with the territory, and women have to learn to adjust their sails to the winds of each season, perhaps more so than men. Women are just prone to navigating experiences that are uniquely different and more frequent than men. 

From marriage to childbirth to career disruptions, travel, caregiving, and inheritance, the joys and challenges of life throughout its changing seasons are often intertwined with financial complexities.

For many women, life’s transitions prompt them to evaluate their goals and take a good look at what is truly important to them. For some, it’s family, spending as much meaningful time as possible with those closest to them, creating experiences that inspire lasting memories. For others, it’s exploration, traveling to different corners of the earth to dive into new cultures, new experiences, and new landscapes. 

Other women may feel compelled to prioritize financial security, making choices that they feel will position them best for a future that has yet to be revealed. And at a certain point, many women feel the pull of their legacy, taking a profound look at what will endure in their absence. 

It is in these times of transition that many women choose to seek guidance from an experienced financial advisor, particularly when changes involve financial implications.  

The Value Of Financial Planning For Women

There are several reasons why some women appreciate the support of a financial expert as they navigate life’s different stages. The most notable reason is that with any significant change, emotion is usually attached.

Regardless of the type of life transition, be it linked to joyous new beginnings or grief-stricken chapters that close out a story, emotion is very much a factor in moving through those changes. The arrival of a new baby, for example, flips routines around, causes sleepless nights, and brings a level of joy that is hard to measure. Similar mixtures of varying emotions can be present for career changes, caregivin,g and loss. 

Many women who choose to work with a financial expert for life transitions appreciate having an experienced guide at their side who has the ability to separate emotion from decisions involving finances. It goes without saying that women experiencing life’s changes would prefer to avoid potentially costly mistakes, and to do that, women find it helpful to fully understand all of the options available to them. 

One way to understand options, with a clear view of the full financial picture, is to engage in asset tracking. Many women acknowledge that guidance offered by a financial expert, particularly those who understand the value of financial empowerment for women, helps improve visibility of the choices they are able to make. 

If you are looking for the expertise of a financial advisor who specializes in working with women, Svvy®  will match you with an expert to meet your specific needs. The free Svvy® match quiz, available on our website, is the first step in the process. 

If you would like to be connected with a female-vetted expert, learn more about Svvy’s matching process, or learn how you can take the next step toward a clearer financial picture, get matched with a Svvy® expert today. 

Disclosure: This content is provided for general educational purposes only and does not constitute individualized investment, legal, or tax advice. Svvy® acts solely as a solicitor and connects and matches individuals with independent third-party financial professionals through a quiz-based matching process on the Svvy® Network. Matching is based on information provided through Svvy’s platform and does not constitute any advice. Any advice, recommendations, and services are provided only by the independent professional you choose to engage.