After almost 40 years of marriage, Mary has gone through a very emotional divorce.
Previously, she had not been very involved in the family finances and relied on her ex-husband to make most of the major financial decisions.
Having been a stay-at-home mom for her children and later serving as a caregiver for her ailing mother, Mary has a very limited work history.
Having previously relied on her ex-husband to manage their finances, she now must navigate this unfamiliar territory by herself.
Despite receiving a sizeable amount of retirement assets in the divorce, she lacks sufficient work history to qualify for Social Security on her own and will be relying on ex-spousal Social Security benefits.
Note: The above is hypothetical and does not involve an actual Blake Wealth Management client. No portion of the content should be construed by a client or prospective client as a guarantee that he/she will experience the same or certain level of results or satisfaction if Blake Wealth Management is engaged to provide investment advisory services.
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