Want to feel confident in your ability to navigate retirement and prepared to begin your journey?
Click to enroll in our free Retirement Basecamp™ online course today.

Three Financial Steps for Widows

How a widow(er) recovers from the death of their spouse is often dependent on several factors, including the health of the relationship, whether the death was unexpected or lingering, the age of the widow(er), the age of any dependent children, and financial circumstances.

Generally, it is important to avoid making large or important decisions during the first few months.

There are three key pieces of advice you should take to heart during this time:

 

  • As soon as you are able, figure out your financial situation. Find all the key documents you need, organize bills, locate passwords to accounts, and keep a log so you can track all of the things you need, and check off as you find them.
  • Coordinate with your professionals. Set up meetings or phone calls with your lawyer, financial advisor, tax professional, etc. to go over your situation. If you don’t have these professionals in your life, ask family or friends for recommendations.
  • Coordinate other resources. Set up meetings or phone calls with your bank, life insurance agent, the HR department at your spouse’s job, Social Security, utility companies, etc. to determine what benefits you might be entitled to as well as changing names on accounts.

We know many of these tasks may feel overwhelming, seeking professional advice and assistance can help answer questions and alleviate concerns during this difficult time. Please let the team at Hunt Country Wealth Management know if we may be of assistance. 

 

Have questions about retirement, investing, or financial planning?

 

Hunt Country Wealth Management can help.
Click below to explore our services, or schedule a 15-Minute Discovery Call™ to talk with an advisor.

Gold Hunt Country Wealth Management Logo

Our mission is to prepare modern retirees nationwide for their journey into retirement and equip them with a plan to help them navigate the road ahead.

We believe retirement should free you — and it all starts with a plan.

Have Questions or Ready to Get Started? Schedule a 15-Minute Discovery Call™

Discover the single most important shift you need to make before you retire...

Download your FREE Retirement Guidebook™: Understanding The Retirement Shift today!

By: Chris Merchant, CFP® 

Related Posts

Retiring Wild: National Parks and You

Retiring Wild: National Parks and You

Get ready to enjoy America's national park system with this helpful article. LIFESTYLE READ TIME: 3 MIN For many older adults, finding time to experience nature can be one of the greatest pleasures in retirement. And what better place to take in America's splendor...

read more
Ensuring a Safe and Fall-Free Retirement

Ensuring a Safe and Fall-Free Retirement

Fall Prevention: A Critical Aspect of Post-Retirement Health ManagementBy Chris Merchant, CFP®Many of you who are reading this may be more familiar with discussing financial risks with me rather than health risks. However, it is important to recognize that a secure...

read more
What Investors Need to Know About FDIC and SIPC

What Investors Need to Know About FDIC and SIPC

About the U.S. Banking SystemAbout the U.S. Banking System With recent headlines about two failed U.S. banks and their ripple effect throughout the banking sector, we want to summarize the latest information on this evolving event. We assure you we are monitoring the...

read more
We believe retirement should free you. It all starts with a plan.

Have Questions? Schedule 15-Minute Discovery Call™