Monday, February 25, 2008
Planning for Retirement After a Spouse Dies
It's a question nobody wants to think about, much less answer: How would the death of your spouse affect you financially?
Despite the question's unpleasantness, a new survey by the Hartford Financial Services Group and the MIT AgeLab suggests that asking it, and having an answer for it, can make a big difference in how prepared seniors are for becoming widows or widowers. "We see this pattern of widowed women facing financial challenges later in life," says Maureen Mohyde, the Hartford's director of corporate gerontology. Advance planning can go a long way toward mitigating later financial stress, she says.
Planning for Retirement After a Spouse Dies
Source: U.S. News
Despite the question's unpleasantness, a new survey by the Hartford Financial Services Group and the MIT AgeLab suggests that asking it, and having an answer for it, can make a big difference in how prepared seniors are for becoming widows or widowers. "We see this pattern of widowed women facing financial challenges later in life," says Maureen Mohyde, the Hartford's director of corporate gerontology. Advance planning can go a long way toward mitigating later financial stress, she says.
Planning for Retirement After a Spouse Dies
Source: U.S. News
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