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Navigating Finances After Losing a Spouse: Strategies & Mistakes to Avoid
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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 are some key topics to listen for in this episode:
- The income gap problem that most widows face in this position.
- What planning options do you have to solve for the income gap issue?
- The importance of legacy planning and the common mistakes that people make with their kids and grandkids.
- The benefits of a trust and how it might be used to preserve family wealth.
To get in touch with Mike, visit our website: http://principalpreservationservices.com
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