Empowering Women's Financial Literacy and Long-Term Planning During Divorce with Dr. Barbara Provost and Maggie Nielsen
Jamie M. Lima is joined by Dr. Barbara Provost and Maggie Nielsen to discuss financial empowerment for women facing divorce. They explore Purse Strings LLC's mission and the unique financial challenges women encounter. The conversation highlights the importance of selecting the right financial professional and understanding the roles of CDFA and CDLP in divorce. Challenges like retaining the house and navigating financial pitfalls are addressed, alongside health insurance and estate planning. Emphasizing trusted financial professionals, they delve into long-term planning, retirement, and social security, while understanding pensions and building a support team. Mediators and attorneys are discussed as valuable resources.
Key Points
- Women should take the time to interview at least three financial professionals to ensure they find someone who listens, shows empathy, and communicates without jargon.
- It's crucial to track daily financial inflows and outflows and gather all financial documents to effectively work with professionals like CDFAs during the divorce process.
- Having a comprehensive team, including a CDFA, mediator or attorney, and possibly a certified divorce lending professional, can help navigate the complexities of divorce and secure a stable financial future.
Links you can visit to explore Purse Strings's work:
Facebook Page: https://www.facebook.com/pursestringsco Facebook group: https://www.facebook.com/groups/pursestringfinanciallyfearlesswomen Instagram: https://www.instagram.com/pursestringsco/ LinkedIn: https://www.linkedin.com/company/pursestrings/ YouTube: https://www.youtube.com/channel/UCusras98haVpJ-P4C4d4IXw
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Transcript
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