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Time To Man Up

So, men, whether we like it or not, whether we embrace feminism or not, the yoke of the family finances falls right onto our shoulders. Let's embrace it and start the conversation like this, “When I die…..” because, statistically, we will die first. Let’s explain and show where all the essential documents are, let's make sure passwords are accessible, and let's make sure our wives understand what we have done and why we have done it. If we genuinely accept the chauvinism that society seems to label us with, let us not disappoint.

Wives, you also have a responsibility; now isn’t the time to play the shrinking violet. Again, statistically, your husband is going to die first, and you will survive him by an additional six to ten more years. Ensure you attend every meeting with your financial advisor and ask as many questions as needed. Remember, it's your money, your future. Ask what will change when the husband dies. Will you reevaluate the portfolio? Will you adjust it to my income needs? Will you reassess my risk tolerance? As the saying goes, there are no stupid questions.

Finally, a note to advisors: Let's be the professionals we want our wives to work with when we are no longer here. Let's provide comprehensive support and guidance, ensuring our widows feel secure and confident in their financial decisions.


Mike Mickels is the President and Chief Compliance Officer of CochranMickels Retirement Specialists, LLC and an avid sporting clay competitor. CochranMickels Retirement Specialists provides personalized planning and investment services to individuals approaching and in retirement. CochranMickels Retirement Specialists, LLC is a registered investment adviser. This platform is solely for informational purposes. Advisory services are only offered to clients or prospective clients where CochranMickels Retirement Specialists, LLC and its representatives are properly licensed or exempt from licensure. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. As a registered investment advisory firm, we are restricted from posting, publishing or otherwise disclosing any form of testimonial which is related to our investment advisory services. Links to websites and other resources operated by third parties are provided as information only, and there can be no assurance as to its accuracy, suitability or completeness. CochranMickels Retirement Specialists, LLC does not endorse, authorize or sponsor the content or its respective sponsors and is in no way responsible for third party content, services, products or information, or for the collection or use of information regarding the web site’s users and/or members.