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A Partner for Women in Financial Transition

Empowering Women in Financial Transition

Whether you’re navigating a financial transition unexpectedly or taking purposeful steps toward a new chapter, please know you are not alone. Life’s planned and unforeseen changes can feel overwhelming, but you don’t have to face them alone. You deserve an experienced partner by your side who will listen to your concerns, understand your unique circumstances, and help you map out a future that aligns with your goals, values, and priorities.

Financial transitions are not just about numbers—they are deeply personal and often tied to significant emotional experiences. If your transition feels overwhelming, we aim to make it less so by offering clarity, stability, and actionable steps. And if things are already moving in the right direction, we strive to elevate your success, giving you confidence and peace of mind as you embrace what’s ahead.

At AMG Wealth Advisors in Austin, every financial journey should be approached with care, compassion, and expertise. Your transition is your story, and we’re here to help you write the next chapter.

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What is Financial Transition?

Financial transition refers to changes in a person’s financial situation following a significant life event, such as the loss of a spouse, divorce, or business sale. These events often require a thorough review of current assets to assess how well they align with immediate and long-term financial needs. It may also involve developing a tailored asset allocation strategy and determining the best way to position assets to ensure a reliable income stream for the future.

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Why Women May Face Unique Financial Challenges

Women can encounter unique financial challenges that may affect their long-term financial well-being. These challenges often include systemic disparities, such as the gender pay gap, which leaves women earning less on average than their male counterparts, and caregiving responsibilities, which can result in career interruptions or reduced earning potential. These factors can make it harder for women to save for retirement, build wealth, or achieve financial independence.

Big life changes like divorce, losing a spouse, or switching careers can bring a lot of emotions and tricky decisions for women to handle. This is why personalized financial advice is so critical. Women need financial strategies that consider their unique circumstances, whether that means rebuilding after a life-changing event, planning for retirement, or positioning assets to create a stable income stream. With customized guidance from AMG Wealth Advisors, women can gain the clarity, confidence, and control they need to navigate financial transitions and build a secure future.

Financial Considerations During Transitions

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Business Owners

Many small business owners consider their business to be one of their greatest personal assets and, in many cases, the primary source of family income. Particular strategies to consider that can safeguard your finances during growth or after the sale of your business include:

  • - Avoid gifting a growing business to children without the experience to manage it. Without proper guidance, a thriving business can quickly fall apart.

  • - Protect your income stream after selling a business by taking proactive steps. Request duplicate premium notices to ensure the buyer keeps up with life insurance payments and plan for unexpected events that could impact their ability to meet financial obligations. This will help secure your future income, even if circumstances change.
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Divorce

Whether you are considering a divorce or already in the throes of one, you will make financial decisions that will affect the rest of your life. A few strategies you can consider include:

  • - If maintaining your home becomes too costly due to mortgage payments, taxes, or upkeep, consider downsizing or selling to reduce financial stress.

    - Review and update your wills, trusts, and beneficiary designations on retirement plans and insurance policies to ensure they reflect your current wishes and circumstances.

    - When dividing retirement plans, ensure you have the correct paperwork, like a Qualified Domestic Relations Order (QDRO), to avoid unnecessary tax penalties or complications, and speak with one of our qualified advisors
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Illness

If you or a family member are living with a serious illness, you will face new challenges and decisions. Strategies to safeguard your finances before and after a diagnosis include:

  • - Create a Power of Attorney to designate someone you trust to manage your financial affairs if you cannot do so.

  • - Choose a health care proxy to make medical decisions on your behalf if you’ve been diagnosed with a serious or terminal illness.

  • - Set up a trust to ensure your or your loved one’s assets are passed to your chosen heirs smoothly and without the delays or complications of probate.
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Second Marriage

A second marriage brings a new chapter and some unique financial challenges. Consider the following strategies after saying “I do”:

  • - Update your wills, trusts, and beneficiary designations to ensure everyone in your blended family is provided for according to your wishes.

  • - Discuss finances and debt openly with your partner to understand how these factors might affect your decision to combine or share financial responsibilities.
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Grief & Loss

Though there is expected grief after the death of a loved one, it may be more intense than you anticipate or last longer than you think. Things you can do include:

  • - Take care of yourself. Not everyone experiences grief the same way, and it's important to give yourself space to grieve.

  • - Avoid making decisions about money that may be intended for your financial security.

  • - Avoid making decisions about finances without taking the time to think through outcomes and possible tax consequences.

Why Partner with AMG Wealth Advisors?

Our three accomplished women founders started AMG Wealth Advisors to empower women navigating challenging financial transitions. Whether you’re managing the financial complexities of a divorce, adjusting after losing a spouse, preparing for retirement, or making significant decisions like buying or selling a home or business, we’re here to guide you every step of the way. Our financial transition services in Austin are tailored to support your unique needs and goals, offering comprehensive financial planning, estate planning, risk management, and investment analysis. At AMG, we ensure every aspect of your journey aligns with your values and priorities, helping you move forward with confidence and clarity.

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Take the First Step Toward Financial Clarity

As a women-owned and operated business, AMG understands the unique challenges women in Austin, and across Texas, can face with financial transitions. Reach out to us today to schedule a consultation and discover how we can help you create a plan for your present and your future.