Starting Over Financially after widowhood.
August 9, 2019
I’m Miriam Neff-with STARTING OVER FINANCIALLY, and I’m Valerie Neff Hogan, Lets talk about money
M $tarting over financially after death of a spouse is tough. I’ve been through it. In 8 of 10 marriages, the man passes first. Widowhood is more common for women than men. Needed income for widows or widowers living alone is 80 percent of what was needed before.
V Typically a widows income is 66% of what they had before, yet the need is 80%. That means change or perhaps poverty. For the widower, his income is likely a match for his needs. Our advice is: prepare for reality. In marriage, be debt free and have life insurance as needed.
M 103 verses in the Bible tells of God’s great love for us as widows. Isaiah 54: 5. Your are not alone. Your Creator sees and cares