80% of women become the sole financial decision-makers at some point in their lives, many due to outliving their partners or getting divorced 1 . Being in the financial driver’s seat at a time when you are grieving or experiencing complex emotions can seem overwhelming at first. In time, many women in transition report increased confidence and feeling more in control of their finances 2 .
This checklist may assist you in knowing where to start after a life transition and how to keep the momentum going as you adjust to managing your finances without a partner. You don’t need to go it alone. Consider working with a TD Wealth Advisor to help plan for your new reality and feel supported along the way.
Reset all account passwords to protect your online identity and account security.
If needed, your wealth advisor may be able to help you look for areas where you can cut back on spending or increase income.
Consideration: Keep in mind, there are professionals who can help you along your journey. Consult with a trusted wealth advisor to assist you in creating (or updating) your financial plan and learning about all aspects of holistic wealth management. Contact your tax or legal advisor for any tax or legal related questions.
Life transitions can boost confidence.
For additional information on how you can work towards helping to secure your financial future, please book an appointment with a investment professional.