What happens if the spouse who handles all the finances suddenly isn’t there?

In this episode, Senior Wealth Manager Sara Gelsheimer of Plancorp joins us to explore why both spouses need to be involved in financial decisions. Whether due to sudden life changes or the realities of aging, having only one financial decision-maker can leave the other spouse unprepared for critical responsibilities. Sara shares practical steps and real-life examples that highlight the importance of financial involvement for both partners.

Listen now and learn:

• The risks of relying on a single household financial decision-maker

• Actionable steps the “non-money” spouse can take to build confidence

• How couples can foster financial alignment and open communication

• The benefits of choosing an advisor both spouses trust

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

[00:04] The Risks of Having Only One Financial Decision-Maker

[02:24] Key Statistics on Women and Financial Literacy

[04:41] The Benefits of Both Spouses Being Financially Informed

[06:16] Real-Life Examples of Preparing Non-CFO Spouses

[11:05] Actionable Steps for the Non-CFO Spouse

[14:48] How the CFO Spouse Can Help Their Partner

[18:33] How to Choose a Financial Advisor for Both Spouses

[22:50] Resources for the Non-CFO Spouse