A Client’s Story | Stay-At-Home Mom Faces Divorce
Wednesday, March 21st, 2012 and is filed under Investing for Women - Did You Know?
Janet was a stay-at-home mom her entire marriage. After turning 48, she and her husband divorced. Because of her extended time out of the job market, Janet had very little marketable skills and all of a sudden she had bills, with no job prospects in sight. She was desperate. However, Cathy was able to help by suggesting that she place a portion of her divorce settlement in an Immediate Annuity to generate much-needed income to help her get on her feet. Cathy placed the remainder of her settlement in a deferred Fixed Indexed annuity to help set her up for a more comfortable retirement with guaranteed lifetime income and principal protection.
Cathy DeWitt Dunn of DeWitt & Dunn, LLC, is the driving force behind Women Money & Power. With decades of experience in the financial services industry, Cathy has dedicated her practice to educating clients on how to take maximum advantage of financial solutions that are not available in traditional brokerage houses. Cathy is proud to be on the forefront of innovative financial solutions for the individual investor.