Victoria Collier writes about the benefits and challenges of starting a family in one’s late 30’s and 40’s and elaborates on the financial responsibilities that can become overwhelming without a well thought out plan that addresses all the unique needs of someone in this situation.
DECATUR, GA, November 27, 2018: Victoria Collier, co-founder of Red Feather Financial, has posted a new article on the firm’s website entitled “When Parenthood Is Postponed,” in which Ms. Collier indicates that she can empathize with those who chose to start families later in life and now can address their unique financial needs.
Collier writes, “Many women of the Baby Boomer generation decided to postpone motherhood until their late 30’s and 40’s.” She continues, “I am among those who made this choice. And I know I am not in the minority.”
“According to USNews.com,” says Collier, “First-time mothers are more likely to be 35 or older than their counterparts from two decades ago, according to the Pew Research Center. While the number of first-time moms between ages 20 and 24 falls, the number of births to women in their 30s and 40s keeps growing. In fact, in the past 20 years, the number of women having children in their mid-40s and beyond has tripled.”
Collier states, “As an attorney and co-founder of Red Feather Financial, I am seeing more and more couples and individuals struggling with the issues that are borne of postponing families until later.” She candidly admits, “I, too, am experiencing some of the same challenges.”
As Collier points out later in the article, “When a woman is in her 40’s, her child will be going to school as she is close to 50. Most young couples have already put their children through college by this time.” She elaborates, “So the family that started late will be saving for college while very probably paying for private school for their young one. Also, this is the time of life when the parents of the couple who just started their family are starting to develop age related illnesses and symptoms such as memory loss or early onset Alzheimer’s.” Collier states, “So, in addition to saving for their child’s college, they also must now begin to consider how to care for their aging parents. On top of that, they have their own retirement to consider, which is considerably closer than had they started their family at a younger age.”
The entire article can be read at http://redfeatherfinancial.com/when-parenthood-is-postponed/
About Dr. Sabrina Scott
Sabrina Scott learned about Veterans Benefits and Medicaid when her parents sought legal services for long-term care. Confident she could find ways to preserve her family’s resources and still get access to Government Assistance, Sabrina felt there should be more options than relying on welfare. As a result, Dr. Scott became an investment advisor representative who can make recommendations regarding securities and became licensed in insurance as well. She co-founded Red Feather Financial with Victoria Collier to help those who want to have a plan in place in order not to outlive their resources and who do not want to be a burden to their children.
About Victoria Collier
Victoria L. Collier, CELA founded The Estate & Asset Protection Law Firm to serve the legal needs of retiring individuals. Victoria is also Co-Founder of Red Feather Financial. At both firms WE BELIEVE that people should not have to lose everything they’ve worked a lifetime to earn and that every person is an individual who deserves respect and the highest quality of life possible, regardless of age or ability. We also believe that privacy and protection are the keys to personal peace. Victoria was appointed by Governor Perdue to the Georgia Council on Aging, 2010 – 2016 and was awarded Dekalb County Veteran of the Year, 2013. She is the author of 47 Secret Veterans Benefits for Seniors; Paying for Long Term Care – Financial Help for Wartime Veterans: The VA Aid & Attendance Benefit.
About Red Feather Financial
Red Feather Financial is an independent financial advisory firm born with a singular mission: to financially empower our clients and protect their financial future. Most people come to see us because they are worried about having enough money for retirement and long-term care costs. We help by showing our clients how they can leverage their assets in the most tax-efficient and cost-effective ways.