Press

By: Stacy Francis

November 16, 2022

Stacy Francis, President and CEO of Francis Financial, discusses survivor benefits that younger and older widows should be sure to take advantage of.

Many women face financial difficulties after the death of a spouse, but there are Social Security claim strategies for widows that can help them be less financially vulnerable.

After losing your spouse, dealing with the sorrow alone can be overwhelming. Add financial questions and concerns, and it can become unbearable. This was the case for Cindy, age 48. Since Cindy’s husband died in January 2021 from a sudden heart attack, she has been managing without the love of her life and also without his income, leaving her fraught with financial fears.

Jon, her husband, was the sole breadwinner, and his income easily supported the entire family, including their two daughters, ages 14 and 17. Cindy and Jon did have life insurance, but even with the life insurance proceeds, Cindy was in the position of having to reenter the workforce with less than ideal prospects, since she had not worked as a lawyer for over 15 years. She found herself wishing that she had been more involved in the finances and that they had been better prepared financially.

Read the full article here.

Learn more about the financial planning and wealth management process and contact Francis Financial today.