Women Say “I Do” to Financial Independence


Women Say “I Do” to Financial Independence

Minneapolis, MN (ContentDesk via ContentDesk Direct) December 19, 2005 - As a result of an intervention by Dr. Phil, four recently-divorced, female guests will receive five years of financial advisory services from Ameriprise Financial. On an episode that aired Friday, Dec. 2, Dr. Phil surprised his guests with gifts from various companies that will help the women take steps toward financial independence. This was the third episode in a three-part series titled “The First Wive’s Club” that followed the women’s journey from despair and doubt to strength and optimism with the help of Dr.

Robin. Through a one-on-one relationship with a personal advisor from Ameriprise Financial the women will confront immediate financial needs and plan for future goals, including retirement, taking them one step closer to financial independence.With almost half of first and second marriages ending in divorce there is a high likelihood that a woman will be responsible for their own or their family’s finances one day.

Money magazine reported that 90% of women will be the sole financial decision maker for their household at some point in their life.”Being engaged in the family finances is no longer an option for women, it is a necessity,” says Judi Lovecchio, Ameriprise Financial senior advisor. “Divorce or death of a loved one leaves many women financially disoriented and this can have an adverse affect on their current income stream and future retirement.

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