Oyin Adedoyin
speaker
1,572 appearances
36 recordings
1 series
first heard Mar 2023
last heard Feb 2025
Oyin Adedoyin’s voice in public audio — every appearance, attributed to the second.
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Appearances
Odds are more of those are women compared to men.
So we're really starting to see this shift where women who are in their 60s and 70s are finding themselves in control of their family's finances, whether it's due to divorce or the passing away of a spouse.
And that's pretty significant because 50 years ago, this same generation of women weren't even allowed to open credit cards in their name or own their own home.
Which is not that long ago.
It's not that long ago at all.
It was really kind of shocking when Catherine and I were reporting out the story and found that out.
And so we really wanted to get a better sense of how these women are feeling coming into lots of wealth.
Women tend to have more of an eye out for longevity, thinking about future health care costs.
They don't want to be a burden on their families once they get older and may fall ill.
Women are also switching financial advisors.
Often when they come into this wealth, it's a bit of a shock.
And maybe their husbands were the ones who were primarily taking control of planning out the family's finances and thinking about estate planning and things like that.
So usually women are coming into this cold and immediately switching to a financial advisor who they feel more comfortable with or who is recommended to them.
A lot of women are also choosing to invest this money as well as put it towards travel or other plans.
And what are those financial advisors saying about this?
Well, I spoke to a financial advisor named Matt Cooley.
He's the founder of an Idaho-based wealth management company called Inspire Wealth Partners.
And he said that one of his newest clients actually is a widow whose husband died in the summer of last year.
When they first met, she didn't even know, like, the password for her account.
She had no idea how much money...
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