Financial Experts Advise Women To Proactively Engage In Own Financial Planning In Any Relationship


Most older married women have yet to participate in long-term financial planning for retirement and investments. Bread-winning spouses traditionally assumed that responsibility.

This generation of women took responsibility for short-term financial goals, managing the household budget, tracking spending, and paying bills. They often lack clarification about retirement readiness.

A recent Equitable study found that 46% of women felt knowledgeable about financial matters, bolstered by their confidence regarding day-to-day finances (59%) and budgeting (50%).

Less Confident About Their Financial Future

The study asserted that coupled women — those who are married or partnered — feel more confident in reaching their financial goals than those who are single or uncoupled.

Married Women Rely on Partners for Their Long-Term Financial Security

Women who are single by choice have more impetus to become financially involved. “Single women tend to tackle their financial issues over time. They rely on themselves from the start, talking to friends and colleagues about work, compensation, and benefits.

Single Women by Choice

Married women may sacrifice too much authority when planning retirement with spouses. “With older couples, I still see men taking the lead on all major decisions around planning, even if they confer with their spouses.

Younger Women Plan More

Nolte adds, “It makes sense that single women often establish a financial planning relationship with a qualified financial advisor when relying on themselves, and married women should do the same.

“What Ifs?”

57% of women who received guidance from a financial professional become more confident in their fiscal goals. In contrast, only 40% of those who did not work with an advisor felt the same confidence.

Working With Financial Professionals

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