When I ask female financial advisors why they love their careers, the answer is always, “I love helping people and making a difference in their lives.” That’s not a statement that you might expect from someone in this industry. Usually, the world of investing is focused on return, numbers, or transactions. For the female financial advisor, it’s all about the relationship.
A few weeks ago, I shared a few misconceptions about retirement that I commonly hear, along with some thoughts on how advisors could help keep their clients from falling into those traps. Today I’ve got another retirement myth to crack. How many times have you heard a client say some version of the following: “If my spouse dies, my expenses will be reduced by 50%”?