https://finance.yahoo.com/news/older-women-money-yes-love-172012671.html
For older women with money, it’s yes to love but ‘I don’t’ to marriage @coachTanthony
To have and to hold: for richer, for poorer. It seems like a great idea when you’re young and in love but for many older women - especially those with their own money - marriage is less compelling. Can we not put a ring on it?
Make no mistake: Romance and sex are still on the table. (“Golden Bachelor,” anyone?) But millions of women who once considered marriage the ultimate form of commitment are declaring financial independence. Some are widows, some divorcées and many are professionals who built up retirement accounts after decades of working. The one thing they have in common? An unwillingness to legally co-mingle their assets.
There are about 22 million households in the United States with a net worth of $1 million or more; a third of them are headed by women, most of whom reach that milestone by age 58.
“We are the first generation of women to accumulate a significant amount of wealth in 401(k) plans,” says Lynn S. Evans, a client relationship manager at Fidant Wealth Partners. “Why would a woman want to give that up in the name of being married?”
That’s the question more and more women confront when considering cohabitating or even matrimony. Money is, of course, only one of many considerations. But for many, the answer is clear: Date, fall in love, even live together. But make it legal? No thank you.
Christen, a 65-year-old doctor, has always been financially independent. (The women spoke on the condition that they be identified only by their first names so they could speak candidly about their personal finances and relationships.) As a young medical resident, Christen and another female doctor marveled that they could marry for love, not financial stability. “We realized we were rare birds,” she said. “That was a real luxury at the time. Maybe I wouldn’t be rich, but I didn’t need a man for survival.”
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