There are many financial difficulties that can specifically target women, and Stonegate Capital Advisors shares information on how women can overcome these

1. There are many financial difficulties that can specifically target women, and Stonegate
Capital Advisors shares information on how women can overcome these.

2. Widowhood
 Women are more likely to be
widowed and be left with the
financial burdens that come
with loosing a spouse than their
husband are. Additionally, they
are more likely to be
unprepared when they have to
take over the family finances.

3.  One way that families can prepare for this
kind of situation is to make sure that both
spouses share financial responsibilities,
and together have a plan for the event
that one spouse passes. This can bring the
whole family peace of mind and help
wives from falling victim to this all too
common ordeal.
How to be prepared?

4. Divorce
 While both parties of a divorce
typically see their finances change
after the separation, and their
income decreasing as they face new
expenses, women, on average, see a
greater cut in their income than
men. Men will typically see a 10%
decrease in their income, while
women will see nearly 3 times that at
an average 27% decrease.

5. How to be prepared?
 Stonegate Capital Advisors shares that
the best way for women to prepare
themselves for this possibility is to
make sure that they are always taking
the time to look out for themselves
financially by planning for economic
essentials such as retirement and
savings regardless of their relationship
status.

6. Hiring a Financial Expert
 Women may be more likely to confront some financial challenges, but when they take
the time to understand these difficulties, and employ the help of a financial expert to
help them plan ahead, they can avoid these common pitfalls and keep their assets safe.