Women In Transition
By Frederick J. Dawson, ChFC, CLU
If you are a lady who’s single (divorced, widowed) you may be faced with making some decisions that like many (including the male of the species) do not feel ready to face. Wealth preservation and passing your assets to your remaining heirs can be a daunting task. You may have already been traumatized by the loss of a mate, feeling very alone, while merely trying to gather your wits about you.
The plethora of concerns about the soft economy, volatile markets, high unemployment and the seemingly endless daily bad news from the media will cause anyone heartburn.
In such an instance, you may feel vulnerable, and questioning if you are doing all the right things in your own best interest at the right time. In such a vulnerable position, you may also be wondering if your current financial advisor is merely a cloaked sales person who has yet another quota to meet.
I would suggest seeking the advice of a top advisor who uses a wealth management consultative process, and working with that person on an ongoing basis.
First you need to get organized.
1) Gather all your financial statements
2) List all your expenses, income and assets
3) Your latest tax return should be reviewed in detail
4) A review of your estate plan may be in order
5) List your goals and objectives
6) Review all this information with a top advisor
7) Develop a plan of action and implement!
8) Review the plan vs. actual at least annually with your top advisor
Alice was introduced to me by her daughter many years ago. Recently widowed, she confided that her late husband Carl made all the financial decisions and wrote all the checks. He had absolute control over their lives. In my opinion, the implementation of a plan of action could help someone like Alice enjoy a life of independence and new control.
Fred Dawson, ChFC (Chartered Financial Consultant), CLU (Chartered Life Underwriter) has over 30 years of comprehensive wealth management experience. He is Executive Vice President of Bassett, Dawson & Foy, Inc. and a founding principal partner of the firm. Successful women are prominent among Fred’s diverse domestic and international client base of professionals, retirees, professional musicians and business owners. In 2008 Fred was cited by Delaware Today Magazine as one of Delaware’s Top Financial Advisors. Criteria are not necessarily based on client satisfaction or advisor performance. Fred received a State of Delaware Senate Tribute in 1999 for his “long and distinguished record of service to his community, his country, his state and his region.”
* Bassett, Dawson & Foy, Inc. is an Independent Registered Investment Advisory Firm with the State of DE.
* Securities Offered Through Raymond James Financial Services, Inc. Member FINRA/SIPC
* Any opinions are those of Fred Dawson and not necessarily those of RJFS or Raymond James.
* You should discuss any tax or legal matters with the appropriate professional
Fred is frequently sought after as a public speaker on financial matters. If your group or organization would like to hear Fred speak merely contact his office at 302-999-9330.
For more information or to schedule a complimentary, no obligation initial consultation contact Fred’s office at 302-999-9330 or firstname.lastname@example.org.
Frederick J. Dawson, ChFC, CLU
Wealth Manager, Raymond James Financial Services, Inc.
Executive Vice President, Bassett, Dawson & Foy, Inc.
Bassett, Dawson & Foy, Inc.
E.A. Delle Donne Corporate Center
1011 Centre Road, Suite 110
Wilmington, DE 19805