No one likes to anticipate the possibility of this event's intrusion into an otherwise peaceful existence. However, if it occurs, you'll have important things to think about - one of which may be the need to reevaluate your financial goals. Seeing your emotional and financial worlds become topsy-turvy can drive you to making hasty decisions in an urgent attempt to get more stability in your life.
If you are sharing custody of dependent children, you may find yourself faced with some financial concerns and constraints that you haven't considered before. Whether or not you are the custodial parent, you will benefit from assessing your
net worth, using our worksheet.
Life insurance can help provide for the continuing needs of your children in the event of your premature death. An
immediate annuity can create guaranteed income payments with cost of living increases for a parent with child support obligations. Whatever your needs, don't underestimate the usefulness of insurance and investment products to help you stabilize your financial picture.
Talk to an agent or advisor about protecting your independent financial security.
