Joan and Bob were high school sweethearts and married for over 35 years.

They had two children and 3 grandchildren.

Their bucket list included paying for a family trip to Europe within the first 2 years of retirement.

Unfortunately, Bob passed away unexpectedly, and Joan was left to navigate retirement planning on her own. Bob had a life insurance policy that was enough to pay off the balance of the mortgage, but would it all be enough?

Widows are often concerned about more than just investments and how to handle life insurance proceeds. Many would like help with their entire financial picture, especially Social Security and taxes.


Questions You May Have

  • Can I still retire when I had planned or should I retire later?
  • Can I still afford that family trip to Europe?
  • How should my investment strategy change to help avoid running out of money?
  • Should I use the life insurance benefit to pay off the mortgage?
  • Should I start my own Social Security benefit and then later switch to survivor benefits, or would starting survivor benefits first be better?
  • Do I need a tax strategy to minimize or avoid the impact of the "Widow’s Penalty"?
  • Will I be facing higher Medicare premiums (IRMAA) due to filing Single beyond the year of death?
  • What updates will I need to make to my estate plan and beneficiary designations?

Note: The above is hypothetical and does not involve an actual Blake Wealth Management client. No portion of the content should be construed by a client or prospective client as a guarantee that he/she will experience the same or certain level of results or satisfaction if Blake Wealth Management is engaged to provide investment advisory services.

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