Suddenly Single Women
By Frederick J. Dawson, ChFC, CLU
Dorothy’s husband, Max, of nearly 40 years, died suddenly leaving her totally in the dark. Even though he was sure he’d outlive her, he did not. We created a plan of action designed to help her enjoy a life of independence, control, and confidence.
Suddenly single women may face a daunting task. If you are recently widowed or divorced, the loss of the mate who “handled everything” can leave you feeling very vulnerable.
Some well-intentioned folks might suggest you “do nothing for a year” fearing that you might do something rash. That advice maybe ok, but unless those folks are well-informed about your financial situation, that advice may be completely wrong!
With the plethora of financial magazines, TV shows and other resources out there, where do you turn? Certainly you can find just about anything financial online. But how do you know that information and those resources are in your best interest? You don’t!
I strongly recommend you seek out a experienced advisor who employs a wealth management consultative process and work with that person on an ongoing basis.
Taming the financial beast begins by getting organized before you meet with the advisor.
- List all your expenses, income and assets
- Gather all your financial statements
- Your latest tax return needs to be reviewed in great detail
- Prioritize your goals and objectives
- Consult with a experienced advisor
- Develop a plan of action and then implement it
- Annually review the plan vs. actual and make appropriate adjustments
* Any opinions are those of Fred Dawson and not necessarily those of RJFS or Raymond James.
* Raymond James and its advisors do not offer tax or legal advice. You should discuss any tax or legal matters with the appropriate professional.
Bio
Fred Dawson, ChFC (Chartered Financial Consultant), CLU (Chartered Life Underwriter) has over 40 years of comprehensive wealth management experience. He is the President of Dawson Wealth Management and a founding principal partner of the organization. Successful women are prominent among Fred’s diverse client base of professionals, retirees, professional musicians and business owners.
Frederick J. Dawson, ChFC®, CLU®
Wealth Manager
Dawson Wealth Management LLC
E.A. Delle Donne Corporate Center
1013 Centre Road – Suite 228, Wilmington, DE 19805
302-757-8000
[email protected] www.dawsonwealth.com
Dawson Wealth Management LLC is not a registered broker/dealer and is independent of Raymond James Financial Services. Investment Advisory Services are offered through Raymond James and its advisors do not offer tax or legal advice. Fred Dawson named Forbes Top Wealth Advisors Best-In-State (2024) The Forbes Top Wealth Advisors Best-in-State 2024 ranking, developed by SHOOK Research, is based on an algorithm of qualitative criteria, mostly gained through telephone and in-person due diligence interviews, and quantitative data. This ranking is based upon the period from 6/30/2022 to 6/30/2023 and was released on 4/3/2024. Those advisors that are considered have a minimum of seven years of experience, and the algorithm weights factors like revenue trends, assets under management, compliance records, industry experience and those that encompass best practices in their practices and approach to working with clients. Portfolio performance is not a criterion due to varying client objectives and lack of audited data. Out of approximately 42,108 nominations, roughly 8,500 advisors received the award. This ranking is not indicative of an advisor’s future performance, is not an endorsement, and may not be representative of individual clients’ experience. Neither Raymond James nor any of its Financial Advisors or RIA firms pay a fee in exchange for this award/rating. Raymond James is not affiliated with Forbes of Shook Research, LLC. Please visit https://www.forbes.com/best-in-state-wealth-advisors for more info. Securities offered through Raymond James Financial Services, Inc. Member FINRA/SIPC
