The WWW Podcast - How Do You Build a Secure Financial Future After Divorce?

How Do You Build a Secure Financial Future After Divorce?

11/07/24 • 15 min

In this episode of the Wealth Wise Women podcast, host Wes Cuprill dives into the misconceptions surrounding retirement and the financial challenges faced by divorced women. Building on last week's conversation with Dan, Wes discusses the inspiration and insights behind the book "Suddenly Single: A Divorced Woman's Guide to a Secure Financial Future." Learn about the common myths, such as relying solely on Social Security or remarriage for financial stability, and discover strategies to ensure a secure financial future post-divorce.

Explore the importance of understanding a true 50/50 asset split during divorce and how to avoid common financial pitfalls. This episode is packed with valuable advice for anyone navigating the complexities of divorce and retirement planning.

Chapters:

00:00 - Introduction and Recap

03:15 - Motivation Behind the Book

08:45 - Myth: Social Security as Sole Income

15:30 - Myth: Remarriage as a Financial Solution

20:00 - Myth: Relying on Children

27:10 - Strategies for a Secure Financial Future

35:00 - How to Get Your Free Copy

37:45 - Conclusion and Next Episode Preview

To order a free digital copy of "Suddenly Single: A Divorced Woman's Guide to a Secure Financial Future," visit moneyandclarity.com. If you're interested in a personalized financial planning session, head over to visitwithmc.com to schedule a meeting.
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Like what you heard? Listen to more episodes here: https://podcasts.apple.com/us/podcast/wealth-wise-women-podcast/id1768763274

Enjoying Wealth Wise Women? Show your support by leaving a review and rating for the show.

Chapters:

00:00 - Introduction and Recap

03:15 - Motivation Behind the Book

08:45 - Myth: Social Security as Sole Income

15:30 - Myth: Remarriage as a Financial Solution

20:00 - Myth: Relying on Children

27:10 - Strategies for a Secure Financial Future

35:00 - How to Get Your Free Copy

37:45 - Conclusion and Next Episode Preview

Enjoying Wealth Wise Women? Show your support by leaving a review and rating for the show.

Previous Episode

What Unique Financial Challenges Do Women Face in Retirement?

In this episode of the Wealth Wise Women Podcast, host Wes Cuprill welcomes his father and founder of Money and Clarity, Dan Cuprill, to discuss the unique financial challenges faced by women.
Together, they explore the growing demographic of single women, the reality of women outliving their spouses, and the implications for financial planning. Discover how Dan's personal experiences shaped his approach to financial advising and the importance of tailoring financial advice to women's specific needs.

The conversation delves into the necessity of acknowledging gender differences in financial planning, the concept of "bag lady syndrome," and the critical need for strategies that ensure long-term financial security, especially in the face of rising healthcare costs. Dan shares insights on the importance of holistic financial planning, avoiding speculation in investment strategies, and the value of working with an advisor to maintain discipline and achieve financial goals.

Join us for an enlightening discussion on how women can navigate their financial futures with confidence and clarity.
If you're interested in learning more about creating a comprehensive financial strategy, visit visitwithmc.com to schedule a consultation.
________
Like what you heard? Listen to more episodes here: https://podcasts.apple.com/us/podcast/wealth-wise-women-podcast/id1768763274

Want to learn more about how we can help with your financial planning? https://moneyandclarity.com/

Enjoying Wealth Wise Women? Show your support by leaving a review and rating for the show.

Next Episode

How Does An Election Impact My Retirement?

In this episode of Wealth Wise Women, Wes Cuprill dives into the impact elections can have on your retirement plans. Discover how past elections have affected the market, common misconceptions around political shifts, and key strategies for keeping your retirement on track regardless of who’s in office.

Key Points:

Historical Market Trends
- How past elections influenced markets and what retirees can learn from these trends.
Avoiding Emotional Reactions
- Why it's crucial not to let election outcomes drive hasty investment decisions.
Investment Strategy
- Should you adjust your portfolio or stay the course post-election?
Policy Changes
- Potential shifts in taxes, healthcare, and Social Security, and how to plan for them.

Takeaways:

Stay calm and focus on long-term goals.
Consult a financial advisor if you’re unsure about the election's impact on your retirement plan.

If you’re concerned about how political shifts affect your retirement, reach out to Wes and the team at Money and Clarity for personalized advice. Listen now to learn how to stay confident in your retirement plan!
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Links mentioned in the episode: https://tfowealth.com/markets-and-elections-part-4-markets-have-rewarded-long-term-investors-regardless-of-who-is-president/
https://advisor.morganstanley.com/the-ernie-garcia-group/documents/field/e/er/ernie-garcia-group/S&P%20500%20in%20Presidential%20Election%20years.pdf
Coffee with Cuprill Episode: https://www.youtube.com/watch?v=vwa8FcG1_bE&t=341s
Like what you heard? Listen to more episodes here: https://podcasts.apple.com/us/podcast/wealth-wise-women-podcast/id1768763274

Enjoying Wealth Wise Women? Show your support by leaving a review and rating for the show.

The WWW Podcast - How Do You Build a Secure Financial Future After Divorce?

Transcript

>> Wes Cuprill00:00:03.640

We address some of the myths around retirement. One of those is the idea that Social Security will meet all of your needs in retirement, that you don't necessarily have to have all of your savings squared away because Social Security will float you. And you know, unfortunately for most people that's not going to be enough. Especially considering the average Social Security check is only about fifteen hundred dollars a month. That is no