7. Wrong Beneficiaries
We name our minor children as beneficiaries of our life insurance. Children under 18 can’t be beneficiaries and proceeds from a life insurance policy may be eaten up by court costs trying to resolve the issue.

8. Writing an Incomplete Will
We write a will distributing assets, but fail to provide instructions for incapacity. And unfortunately, the cost of long-term care is staggering. Mismanagement of funds can destroy a nest egg and incur debt. Some of the best financial advice for women, and men, we can offer is to think long and hard about the future—your kids’ future, that is.

9. Undervaluing Ourselves
Women are hesitant to negotiate salaries, we accept the first amount offered and fail to do our research on comparable salaries before the discussion.