'Don’t let your partner become your plan,' says Kimberlee Davis
If you’re a woman who is about to take a career break to have children, Kimberlee Davis has a message for you.She is talking about financial plans, including retirement plans, and all things money. Davis, a financial advisor in Newport Beach, California,... If you’re a woman who is about to take a career break to have children, Kimberlee Davis has a message for you.She is talking about financial plans, including retirement plans, and all things money.
She put her highly successful career on hold to raise three children, and followed her husband to a foreign country for his career. She found herself “trapped” over there, as she puts it. She was left high and dry when her marriage broke down in her 50s. It took her four years to get back to work full-time, being rejected from 80 jobs — including one to be a saleswoman at Neiman Marcus. At one point, a career coach advised her to take her law degree off her resume because she seemed overqualified for the kind of jobs they thought were still open to her. She refused.
Actually, much of her advice is sound for both sexes. But it applies particularly to women for two reasons, she said. The first is that they often take a career break for family, and that hurts them financially. The second is that women face an even bigger retirement challenge than men, because “we live longer and earn less.”
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