LOSS OF A LOVED ONE

Dec 20, 2020

Loss Of A Loved One

After the loss of a loved one it's important that the surviving partner's financial well being is managed.

In my consulting with couples, it is important to have both partners there with me in the planning, as statistics prove out that she will outlive her husband by perhaps 20-25 years and it’s so important that her financial well being is managed.

As a baby boomer myself, we all look back and hold onto the memories of the loved ones that we’ve lost. It is a painful and sad experience. We can’t change the outcome but we are there to ease the financial hardship by ensuring there is a tax strategy in place to make this journey easier.

There is fact of life that 80% of men die married. 90% of women die alone. I can remember that my dad, who was a life insurance agent, would deliver the death benefits checks to the newly widowed. I was young but the impression of thankfulness has never left me—the women were so appreciative of having insurance to fall back on, it was evident that my dad was their hero. And to this day, if I can help women plan for a more comfortable retirement, then I will feel that I’ve done my job.

If you have concern about your financial plan and the next 20 to 25 years in maintaining your lifestyle, then we should talk.

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