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Preparing For The Unthinkable

Outdoor Portrait Of Loving CoupleNo 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.