Ways to Reduce the Financial Stress of 5 Major Life Transitions

In this episode, we explore practical strategies to alleviate the financial strain that often accompanies five major life transitions:

Relocating to new places

Navigating career or job changes

Managing finances through relationship shifts

Coping with unexpected health events

Finding stability during times of loss or grief.

Tune in to discover expert insights and actionable tips for achieving financial peace of mind during these pivotal moments in life.

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Connect with Danette Lowe, CFP®

https://linktr.ee/trunorthwealth

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Episode Summary:

In this episode of the Ready to Retire podcast, Danette explores the financial implications of five major life transitions: relocation, career or job changes, relationship changes, health events, and loss or grief events.

She emphasizes the importance of having a solid financial plan in place to navigate these transitions.  Danette also offers practical advice, such as the significance of health insurance decisions, managing old 401(k) plans, and considering life insurance during career changes.

She discusses the financial aspects of relocating, including trust updates and home investments, and highlights the importance of self-care during health transitions.  In times of relationship changes, Danette emphasizes the need to reevaluate asset titling and life insurance.

Lastly, she addresses the challenges of grief and loss transitions, urging caution in making major decisions and recommending journaling as a helpful tool.

This episode provides valuable guidance on managing finances during life's most significant changes.

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Professional Journey- As the President and a CERTIFIED FINANCIAL PLANNER™ professional at TruNorth Wealth Management, LLC, I've found my calling in helping pre-retirees confidently navigate the crucial decision of retirement. Our team is dedicated to guiding family-oriented couples from being net savers to net spenders.  We invite you to join our extended family and experience the TruNorth Wealth difference.

Danette Lowe, CFP®

Founder – Wealth Advisor

TruNorth Wealth Management, LLC

123 W. Nye Lane, Suite 520, Carson City, NV  89706

Connect with Danette @ https://linktr.ee/trunorthwealth

This podcast is for informational purposes only.  The situations used herein do not constitute a recommendation as to the suitability of any investment for any person or persons having circumstances similar to those portrayed, and a financial advisor should be consulted for your specific situation.  Neither Commonwealth Financial Network nor your representative provides tax advice.

Securities and advisory services offered through Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser.