The Financial Implications of Losing a Spouse
Description
No one likes to think about it, but most likely, one spouse will outlive the other one. Today, we talk about some of the financial implications that come up after one spouse passes and how to be prepared ahead of time.
Did you know your income, expenses, and tax bracket will all change after one spouse dies? This could make a big difference on how you approach your retirement savings. Having a plan in place will make it much easier on the remaining spouse when the time comes.
Here’s what we discuss on today’s show:
What problems have Troy and Alan seen following the loss of a spouse?
What can you do to plan ahead?
What mistakes do people make due to poor planning?
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