With the myriad of issues on the horizon for those recently widowed, it is important to take your time, stay organized, and be willing to get the right type of support when and where needed. In this article, we are providing a useful checklist that you can modify for your own use on your unique journey.
Recordkeeping is a chore that takes some time and thought up front, but the return on that time will pay dividends down the road. You’re too busy not to take the time to do this right.
This article provides links to various websites that discuss life planning, passionate pursuits in retirement, bucket lists, and minimalism.
A widow’s support network can serve critical roles during widowhood. Whether it is helping to plan for the funeral, helping with the emotional aspects of the grieving process, or getting clarity around finances, the right combination of friends, family, and professionals can help widows in their journey.
Deciding whether to move after becoming widow is a major decision. Deciding whether to move cross country or stay put or deciding whether to downsize into a condo in the same town or remain in your current residence, there are both financial and non-financial considerations.
Before you make a final decision on the type of advisor that is right for you, we’ve rounded up some of the key differentiators between each group. Hint: ignore titles. Focus on substance.
This edition of Oasis Wealth Planning’s newsletter provides insight on making decisions for the future as well as after you are gone and explains why we embrace market pricing as part of our investment management philosophy.
Determining the right asset allocation for widows should not be a cookie-cutter exercise. The proper asset allocation is dependent on the widow’s unique financial situation and overall goals. Rather than being sold annuities to provide “safe income”, widows should consider adhering to the asset dedicated approach for the right combination of safety and growth.
