It’s hard to believe, but 2016 is rapidly coming to a close. With the chaos that year-end brings, the last thing anyone wants to worry about is their finances. Consequently, this time of year can be a good opportunity for financial advisors to come through for their clients by proactively offering solutions to some common pecuniary conundrums. The following are some discussions financial advisors may want to consider having with their clients.
The antiquated standard when it comes to gender roles is that men are the breadwinners, while women are the caretakers. Men are the earners, and women are the spenders. But that paradigm has evolved, and is continuing to evolve, in a manner that has financial ramifications. It is no longer the norm for women to rely on their husbands for monetary support or for men to control the family’s financial decisions. Before you make any archetypal, clichéd quips to clients about a wife’s shopping habits or a husband bringing home the bacon, take a moment to consider how the gender dynamics have changed and what that means from a financial planning standpoint.