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- Title
Working with Widows More Effectively, Part Two: Figuring out what a widow owns and owes is relatively simple compared to determining her income and expenses in the years to come.
- Authors
Armstrong, Alexandra
- Abstract
This article, titled "Working with Widows More Effectively, Part Two: Figuring out what a widow owns and owes is relatively simple compared to determining her income and expenses in the years to come," provides advice for financial planners on how to assist widows in managing their finances. The author suggests gathering information on the widow's income and expenses by reviewing her checkbook and credit card bills. It is important to educate widows about the impact of inflation and taxes on their budget and to help them understand the benefits of diversification in investments. The article also emphasizes the importance of maintaining an ongoing relationship with the widow and providing support during the emotional recovery process. The author concludes by recommending a book, "On Your Own: A Widow's Guide to Emotional and Financial Well-Being," which she co-authored and recently updated.
- Subjects
WIDOWS; COST; REAL property tax
- Publication
Journal of Financial Planning, 2024, Vol 37, Issue 6, p56
- ISSN
1040-3981
- Publication type
Article