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According to a recent Prudential survey, over 50% of women are their families primary bread-winners. Further, the National Center for Women and Retirement Research estimates that 90% of women will. at some point, become solely responsible for their finances.
When Tiana was 18, her father unexpectedly died of a heart attack. Now she speaks to women in audiences nationally, urging them to do what her father and mother did not: make long term plans that could help their families prepare for unforeseen financial problems.
One idea she shares will help gauge what financial arrangements need to be planned for in the future. That is, sit down periodically (on a birthday or anniversary, for instance) and look back on how far you and your family have come financially. She advises that we ask ourselves where we are, if we need to update beneficiaries, and if we need to discuss college and retirement plans. To her, communication is the best and simplest way to start planning a strategy.