Wealthy widows too little cash.
June 27, 2019
I’m Miriam Neff-with STARTING OVER FINANCIALLY, and I’m Valerie Neff Hogan, and we’re here to talk about money
M While most widows have less money than they had as a couple, some are quite wealthy. Yet they still face financial challenges. Too little cash or too much.
Wealthy, but too little cash? Possible if bank accounts are in the husband’s name only and assets are in real estate, business ownership or retirement plans.
V We recommend that EVERY couple have a plan in place for one to leave this planet before the other. Joint accounts, a working knowledge of assets and liabilities. I Timothy 5: 8 Care for ones family. Its biblical. Shared information is vital. Meeting together with financial advisors and investors is crucial. Do you love your spouse? Then this is priority.