It Pays To Know

Too many women are ignorant of their spouse's finances. If things go wrong, that could be costly

For years I have resisted the notion that women have financial-planning needs that are unique to their gender. We all need stocks that go up, don't we? And getting out of debt is important for everyone, isn't it? True, but things aren't quite equal. Thirty years into the feminist movement, breadwinners remain predominantly male. As a consequence, men have a lot less to lose financially in divorce or on the death of a spouse.

I'm talking averages here. In her book It Takes Money, Honey, Georgette Mosbacher, who is both rich and divorced, finds that four times as many widows live...

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