Navigating Finances After Losing a Spouse: Strategies & Mistakes to Avoid

Losing a spouse is an unimaginably tough life event, but the financial implications can add another layer of stress to the grieving process. In this episode, we delve deep into the most common financial issues faced by widows and widowers, from dealing with income gaps to navigating tax changes as a single filer.

We explore actionable strategies to address these problems, such as the importance of life insurance and the ins and outs of spousal pension continuation. This is the episode for you if you’re concerned with ensuring the financial well-being of your remaining family members and safeguarding your financial future and legacy in the face of loss.

 

Here’s some of what we discuss in this episode:

How can an income gap be addressed after the loss of a spouse? What are the tax implications and changes to Social Security for surviving spouses? How can beneficiaries of retirement accounts avoid unexpected tax consequences? What is the role of trusts in estate planning?

 

Contact Dave and Drue: 

Web: https://www.truefinancialpartners.com/

Email: [email protected]

Phone: 877-359-8783