Stacy Francis Featured in the Wall Street Journal on How Woman Can Financially Survive the Loss of Her Husband After COVID
By: Francis Financial
January 24, 2021
Francis Financial President and CEO Stacy Francis was recently featured in a Wall Street Journal article where she highlights what steps Barbara Kelly, 53, whose husband recently died of COVID-19, needs to take in order to secure her financial future despite the loss of her husband’s income.
The article dives into Kelly’s financial situation after her recent loss – she has three live-in sons, a salary of $66,000 annually, and a variety of retirement accounts and other investments – and Francis provides options on how she can move forward to plan for short and long term expenses.
Francis’s suggestions for Kelly include the purchase of a 10-year term life insurance policy, downsizing her home, streamlining her retirement accounts, investing part of her cash on hand in mutual funds, plus more.
Francis Financial can help you through any major changes life might throw your way. Learn how to plan, grow, and protect your assets through our wealth management process or contact a qualified wealth management advisor.