Success Stories
Widow/Widower
Name and Age: Mary (63)
Occupation: Retired Nurse
Introduction
Mary lost her husband unexpectedly, leaving her not only with grief but also with significant financial decisions to make. While she had always been involved in their finances, her husband had handled most of the long-term planning, and she wasn’t sure what steps to take next.
Challenges/Concerns:
In the months following her husband’s passing, Mary faced:
- Deciding how to manage their investments and retirement accounts
- Understanding what Social Security survivor benefits she was eligible for
- Adjusting her financial plan to fit her new reality
- Ensuring she had enough income for the rest of her life
Solution
We helped Mary navigate this difficult transition by:
- Reviewing all financial accounts and ensuring assets were properly titled
- Creating a sustainable income strategy to provide long-term financial security
- Assisting with Social Security survivor benefit options
- Adjusting her investment strategy to match her new needs and risk tolerance
Implementation
Through our step-by-step guidance, Mary:
- Consolidated and simplified her financial accounts for easier management
- Developed a clear income plan that ensured stability and financial independence
- Created an updated estate plan to reflect her new situation and future wishes
- Gained a better understanding of her investments and financial options
Results
With professional guidance and a well-structured plan, Mary has regained financial confidence. She now feels confident in her future, knowing she has a strategy that allows her to live comfortably while honoring the plans she and her husband built together.
This is a hypothetical situation based on real life examples. Names and circumstances have been changed. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investments or strategies may be appropriate for you, consult your advisor prior to investing.