No one likes to think about it but when preparing for retirement you should be preparing for anything and everything to happen, which includes the unexpected passing of a spouse. Today’s article discusses how to prepare financial for this. Here’s what they had to say, “Nothing is more devastating than the sudden loss of a spouse, but this shock can be exacerbated by a flurry of financial concerns. New York Life’s 2014 Loss of a Spouse Study found that 68% of widows reported significant life changes following the loss of their spouse. Not surprisingly, financial concerns were at the top of the list: 55% of widows reported challenges adjusting to a change in income level, and 38% reported needing to cut discretionary spending.” To read more, CLICK HERE.
