6 Ways to Regain Control of Your Finances in Midlife

By Marisa Cohen
January 17, 2023

Midlife is often the power decade for women, when you’re settled into your career and confident in your abilities. But it’s also a time when you may face new financial decisions or challenges. You may be paying for your kids’ college tuition while also supporting elderly parents. You may be thinking about launching your own business, switching careers, or starting the countdown to retirement.

Before you can figure out your next steps, though, you need to assess where you are. “This is a good time to review your financial position, since you have had a few decades to provide some insight into the success or challenges of your path,” says Marge Schiller, a certified financial planner in Sarasota, Florida, who advises women as a volunteer with the Savvy Ladies Free Financial Helpline.

Here are six ideas to consider to strengthen your financial situation after 40: