Protecting your surviving spouse while both of you are still alive
Losing a spouse is the hardest thing for married people. According to study by Merrill Lynch and Age Wave titled “Widowhood: The Loss Couples Rarely Plan for –and Should,” currently, United States has 20 million widows and widowers, with 1.4 million added each year. The same study found women are more than three times as likely as men to lose their spouse. In addition, half of all such people experience a household decline income of 50 percent or more, and two-thirds said adjusting to this income loss is their top financial concern. Married couples who are transitioning from the workforce into retirement can make smart decisions that will protect the surviving spouse. The article outlines some critical steps to take now to protect your spouse, while both of you are still alive. Read article here…