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Dec 22, 2016 · Divorce isn’t the only major financial setback Krawcheck has had to deal with. When the market crashed, her portfolio did too. “My net worth was cut, certainly the majority of it was wiped out,”...
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Who is Sallie Krawcheck?
Who are Laura Wasser & Sallie Krawcheck?
Is there a sunk cost to coming out of a divorce?
- Not negotiating hard enough. In a perfect world, you and your spouse have a prenuptial agreement that outlines which assets each party gets to keep and allows you to skip a lot of the negotiation that comes with a divorce.
- Not having all the information. "The other mistake is…getting to the [negotiating] table and not recognizing where all the money is," Krawcheck says. She highlights the fact that over 70% of women encounter negative financial surprises when they get divorced or their spouse dies, according to a 2019 UBS study.
- Putting off financial planning. At any stage in your marriage, it's smart to take steps to ensure your own long-term financial wellbeing. That means being involved in the joint money decisions and management.
Sep 20, 2023 · Ellevest founder and CEO Sallie Krawcheck and famed celebrity divorce lawyer Laura Wasser explain how to navigate divorce financially sound with money hacks.
Nov 15, 2008 · Leaving Citigroup felt “like I got a divorce,” she has told friends. The emotional toll of her departure caused her to lose seven pounds within a few weeks.
Jun 27, 2024 · But if there’s not enough money for retirement, it’s actually a gender issue—a women’s crisis. Why? Because women live six to eight years longer than men, and half of marriages end in divorce.
- Jane Thier
- jane.thier@fortune.com
Dec 2, 2019 · The robo-advisor still has AUM of just $400 million; Now investors need new patience as the co-founder pivots toward higher net-worth women willing to pay higher fees. Sallie Krawcheck: It's easier to divorce your spouse than it is to get rid of an investor.
Sallie L. Krawcheck (born November 28, 1964) [1] is the former head of Bank of America's Global Wealth and Investment Management division and is currently the CEO and co-founder of Ellevest, a digital financial advisor for women launched in 2016.
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