Here’s something you probably didn’t know: women own 51% of all personal wealth in the United States. And as the transfer of wealth continues, that number is going to grow even higher. But if women hold the purse strings, does that mean they’re prepared to make necessary financial decisions? On this edition of MoneyWise, Rob West and Steve Moore discuss this with Women Doing Well co-founder, Sharon Epps.
Then, they answer your questions at (800) 525-7000 and firstname.lastname@example.org about the following:
- Is it OK to cosign for your spouse?
- Are medical facilities allowed to access your credit score to determine your “propensity to pay?”
- If you'll be getting an inheritance of $80,000 and use $30,000 to pay on your cars, should you put the rest of the money toward your mortgage or use it to fix up your house?
- If you have $50,000 in a "green checking account" with a good interest rate, is it better to leave the money there to earn interest, or should you use the money to pay down your mortgage?
- If your brother co-owned a house with your mother, should that house be split 50/50 like every thing else in her will?
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