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At the Financial Center for Women, we want you to achieve your goals. Our blog will provide you with information to assist you with the confidence and resources you need as you navigate life's challenges. So keep checking in. We’re glad to have you reading along.

 

Monday, October 25, 2021

Among older married women, around 58%1 will experience the death of a spouse in their lifetime. Bereavement is a complex and emotional process. Widowhood is a difficult and significant life event for anybody; financial worries can...

 

Monday, October 18, 2021

Women have begun to serve as thrifty financial gurus, in order to continue the feminine rise on the commercial market, it is necessary that women are equipped to sell and grow their businesses as well. If you are a woman looking to...

 

Monday, October 11, 2021

We've spoken before about the importance of beginning the new year in a good place financially. But just as important is the idea of ending the year strong with an overview of your finances. It's important to regularly take stock of...

 

Monday, October 4, 2021

Coming to the decision to file for a divorce is rarely easy. It often involves a lot of communication, soul searching, and careful consideration. However, once you do arrive at this decision, it's important you come prepared. Divorce...

 

Thursday, September 30, 2021

In case you missed it, Paula Swain was interviewed on The Megacast. She discussed preparing for retirement and how do you react if you are widowed or going through a divorce.

 

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Monday, September 27, 2021

Have you been putting off planning for retirement? As a business owner, you might feel like you have more important things to think about right now. But it's never too early to start saving for retirement and taking steps to make sure...

 

Monday, September 20, 2021

Has your marriage come to an end? There are few events in life more painful than divorce, but you need to take the divorce planning process very seriously. After all, there are many important details that need your attention. This...

 

Monday, September 13, 2021

Widowhood is a growing phenomenon. 58% of women aged 75 years or older who were previously married have experienced the death of a spouse. Becoming a new widow is a difficult and long process. One thing that can help is writing thank...

 

Saturday, September 11, 2021

In case you missed it, Paula Swain was on Fox 2 News on Friday, September 10, 2021. Paula spoke with Deena Centofanti and discussed getting "Money Smart" Ahead of a Divorce. Watch the clip below.

 

Monday, September 6, 2021

If you are age 72 or older, IRS rules require you to take required minimum distributions (RMDs) each year from your tax-deferred retirement accounts. If you plan to donate to a charity or are looking for options to minimize your tax...

 

Monday, August 30, 2021

Divorce after 50 can be an incredibly difficult thing to manage at first. Your foundations are a little shaky, and it's time to start getting grounded and plot the way forward. It's tough to do, but a little guidance might be all you...

 

Monday, August 23, 2021

Are you a woman over age 50 in the middle of a divorce? With "gray divorce" on the rise, you should know that you're not alone. The National Center for Health Statistics and U.S. Census Bureau found that for every 1,000 married persons...

 

Monday, August 16, 2021

If you've just lost a spouse, it's hard to think about anything besides your grief. Knowing what to do when a spouse dies involves immediate arrangements, as well as planning for your spouse's funeral. We've put together a complete...

 

Monday, August 9, 2021

There are only two types of retirement plans for business owners, namely good ones and bad ones. Now, if you just focus on running your business without giving any thought to your retirement, that falls into the "bad" category. Surely,...

 

Monday, August 2, 2021

Planning for retirement can seem like a daunting task. Everyone who has experience in the matter seems to have their own method. However, there isn't a "one size fits all" solution that will work for everyone planning for retirement....

 

Tuesday, July 27, 2021

As a business owner, you worked hard to get your business started. You worked through many sleepless nights, spent hours on the phone, and cast visions before lenders and investors, all to make a dream come true. Now, as your business...

 

Thursday, July 22, 2021

On July 20, 2021, Paula Swain was interviewed by Maurielle Lue of Fox 2 Detroit about her top tips on how to get on a healthy financial path. Watch the replay of the recording here:

 

Monday, July 19, 2021

There are many unforgettable moments throughout our lives. Getting married, the birth of a child and watching the kids leave the nest are wonderful pleasant memories. But, there are other devastating times, like a death in the family...

 

Monday, July 12, 2021

After years or even decades of time invested in your business, maybe you're ready to retire. Maybe your business and personal goals changed and you want to launch something new. Maybe you're part of the group of Americans who decided...

 

Monday, July 5, 2021

Loss is an unavoidable and emotional part of life, and there are few losses more profound than that of a spouse. Being a new widow is overwhelming, whether you were rightly prepared for your partner's passing, or not. When you're in...

 

Monday, June 28, 2021

If you are a new widow, please know we are deeply sorry. We understand that losing your partner is one of the most devastating events you can experience in life. Right now it will seem like your life has completely stopped, and you may...

 

Tuesday, June 15, 2021

The first year after the death of a spouse can be filled with pain and shock that can paralyze. The first year after the passing of your spouse can be very challenging. This checklist can help you navigate your new path, on your own....

 

Monday, June 7, 2021

Retirement has changed. Longer lives and better health translate into longer retirements and new concepts of what retirement should be. Many of today’s retirees view retirement as a time to shift gears but not necessarily to slow...

 

Monday, May 17, 2021

Business owners invest significant amounts of time and financial resources to make their enterprises successful. Quite often, due to the quick pace of day-to-day operations, planning for succession of ownership is relegated to a...

 

Sunday, May 9, 2021

If you’ve been working hard and investing for years, you probably have enough resources to live well and feel confident in your financial future. Your next consideration may be how to build a legacy for your family and future...

 

Monday, May 3, 2021

Do Retirees Need a New Investment Strategy? First growth, then income. If you’re like most investors, you want to achieve growth while you’re working and income after you retire. But that doesn’t necessarily make it...

 

Monday, April 19, 2021

This question can’t be summed up with just one simple answer. The reality is that what happens to your retirement savings after a divorce depends on several factors. For one thing, you must look at the divorce laws and...

 

Monday, April 12, 2021

If you were to get a divorce, you may be wondering how you or your spouse’s pension will be split. The simple answer: it depends. For one thing, you must examine the divorce laws and regulations for your state. In this case,...

 

Monday, April 5, 2021

Disinheriting your children is easier than you think if you have been divorced and remarried. Perhaps your family isn’t as complicated as the cast of the award-winning sitcom Modern Family’s but it makes for a great example...

 

Tuesday, March 30, 2021

Are you planning or considering a divorce? There are so many things you need to consider from how you will tell your children, if you have them, how to protect your finances, Download our divorce checklist here. If you have any...

 

Sunday, March 28, 2021

As we celebrate International Women’s Day (Women’s History Month), it’s important to recognize some of the challenges women face as it relates to retirement income planning. The Gender Wage Gap, longer lives and the...

 

Monday, March 22, 2021

Did you know there are at least six stages you’ll go through for retirement? As you prepare to navigate life as a retiree, take note of these phases that you can expect yourself to go through. Phase 1: Pre-RetirementThe...

 

Tuesday, March 16, 2021

Paula Swain of the Financial Center for Women interviews Marc Edelstein of Ross Mortgage Corporation about mortgages and things to consider if you are getting divorced. To learn more about Paula Swain and the Financial Center for...

 

Monday, March 1, 2021

Do you remember the last time you caused yourself a huge panic when you lost your wallet? That feeling instantly subsided after you found it, right? What could you have done to prevent losing your wallet in the first place? Are there...

 

Sunday, February 21, 2021

According to Pew Research Center, 28% of people believe financial stability is an important reason to get married. However, poor communication and financial problems are two of the causes of divorce. If you believe financial stability...

 

Sunday, February 14, 2021

We don’t know one woman who doesn’t want financial success. That’s part of the dream, right? Bills are paid. Check. There is income coming in. Check. You have plenty of money saved up for retirement. Not yet?...

 

Sunday, February 7, 2021

You have been saving for your retirement with your spouse and then either you or them determine that you need a divorce. What happens next? That balanced plan between both of your assets that may have included his/her pension plan and...

 

Monday, February 1, 2021

If you are a business owner, you need to be aware of key person insurance to help protect your business if you or another key person were to pass away or become disabled. In most small businesses, the owner or a key individual is the...

 

Sunday, January 3, 2021

Is getting your finances in order on your list of resolutions? Should it be? Is now the time to get serious about your finances? You are not getting any younger.

 

Saturday, December 5, 2020

How much money is enough for retirement? There is no easy answer to this question. What is enough for one person is not enough for another.

 

Saturday, December 5, 2020

While you can never fully prepare for the loss of someone dear to you, taking the following steps may help you recognize how financial and legal planning can help ease your future and ensure that you have planned for any contingencies.

 

Monday, November 16, 2020

A professional financial can help you build a sound estate plan designed to help you toward your long-term financial planning goals.  These six steps can help you locate and get the most out of this critical relationship.

 

Monday, November 9, 2020

Divorce is a huge step and not taken lightly due in part to its enormous emotional and financial ramifications. Most women face a 40 percent decline in their standard of living after divorce. How do you plan?