Widow Financial Planning: Three Helpful Tips to Move Forward

Gain Peace of Mind and Empowerment with These Meaningful Financial Moves Widowhood is one of the highest financial risk factors women can face, with an increased risk of falling into poverty after losing their late spouse’s income. Social Security benefits are also cut, anywhere from 33% to 50%, and further losses can be accrued if the late spouse’s work-sponsored pension is canceled or reduced after they pass. The poverty rate for widowed women 65+ in America is nearly 15% — almost 40% higher than the poverty rate for widowers, according to the Congressional Research Service. That’s why, even when […]