TEN THINGS WOMEN SHOULD KNOW ABOUT THEIR FINANCES

We hope you enjoy the ninth tip of this series. Become a strategist with your life savings.

TIP #9 HAVE A “WHAT IF” PLAN. Don’t let a critical life change, such as marriage, divorce, widowhood, or an unexpected illness disrupt your retirement planning goals. For instance, without proper planning, estate taxes and income taxes on retirement plan distributions and stock options could reduce your estate by as much as 75%, leaving your heirs with only a fraction of what you had accumulated. If you want to leave assets to your heirs, establish an estate plan or trust now and ensure the desired distribution of your assets to minimize taxes, expenses, and unnecessary delays.

- Compliments of Wells Fargo

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