Wealthy widows too much cash
June 28, 2019
I’m Miriam Neff-with STARTING OVER FINANCIALLY, and I’m Valerie Neff Hogan, and we’re here to talk about money
M Becoming widowed brings a host of challenges, grief, emotions, financial upheaval. Let’s talk about one, the widow who has too much cash. Wealthy or just receiving life insurance, too much cash one problem is people who magically appear in your life. Some even tell you the wishes of your deceased husband. Wishes that surprise you.
V Resist all temptations to disperse cash quickly. Family, ‘friends,’ even your financial advisor with a great investment opportunity. PAUSE. Take time to adjust to new realities, assess the big picture. Just becoming the sole decision maker at this emotional time is a challenge. Yes, cash can be invested for returns, but pause, learn what your risk factor is, and get good council.
M Proverbs 15: 22 Get wise council.