051: Financial Planning for Women in Transition

Taking over control of finances and your financial future can be overwhelming, especially for women who may be experiencing divorce, a spouse’s death, or another major life event. However, it can be done smoothly and with peace of mind.

In a new episode of Absolute Trust Talk LIVE, Kirsten welcomes guest Mary Ballin. Mary is a Certified Financial Planner™ as well as a Certified Divorce Financial Analyst® (CDFA®) with more than 20 years of experience helping women navigate substantial life transitions. Mary is an endless resource as she shares what exactly it is a CDFA® does, provides some interesting statistics on the confidence gap between women and men, and highlights some of the most common challenges and concerns that women face on their journey. Kirsten and Mary also discuss the value of financial planning in a typical divorce scenario. If you or someone you know is going through a big life transition and is in need of some guidance, we hope you will listen in and share this episode with them.

Big Three from Episode #051:

  1. As a woman, no matter what transition you are going through, no matter what your financial situation looks like, you can do it – you will get through it.
  2. Remember, in terms of divorce and splitting assets, it’s important to figure out the right combination of what’s going to work best for you and your circumstances based on where you are in life.
  3. Financial planning is about ALL different aspects of your financial life working together.

Time-stamped Show Notes:

1:00 – What exactly does financial planning for women in transition mean?

3:38 – Mary shares what she sees in terms of helping women during a significant life change

7:32 – Given that there is a fear among single or widowed women, how do you get started?

9:28 – In what ways are men and women different when it comes to financial planning?

12:34 – The key to smart financial planning is this

13:36 – What does it mean to be a Certified Divorce Financial Analyst®?

14:39 – Mary highlights issues that women face with finances when going through a divorce

19:40 – How do I pick a good financial advisor who knows what they are doing?

22:53 – How difficult is it to start financial planning?

25:36 – If my advisor only talks about investments, how do I really know how much I have for retirement?

Free Resource:
If you are searching for a financial planner, it’s important to ask questions, so you know who you are working with and what their process looks like, but it can be challenging to know what to ask and how to get started. To help you with your search, our Absolute Trust Talk guest, Mary Ballin, has provided a free checklist tool of questions you may want to consider when you’re interviewing potential advisors. Download your free copy today!

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