“Women can be hard on themselves when it comes to looking at the past,” Mogan added. “This is a chance to restart the clock. Women are empowered when they know what is going on financially and are part of the decision making.”
In any remarriage updating beneficiaries for life insurance, annuities, pensions and other accounts is hugely important.
In the end, knowledge of the finances is particularly important for the woman, Mogan said.