Building a New Life
Losing a life partner is difficult, whether that loss comes through death or divorce. Amid the emotional turmoil, financial decisions may not come easily or readily. Many widows, widowers and divorcees are unsure how to handle their financial resources as single individuals. Their questions include:
Do I have enough money to support myself and my children?
Will I be able to afford to retire?
How do I plan for my financial future?
Do I need to go back to work or change careers?
Should I remarry?
These are questions with many answers, each with their own implications. Remarriage can affect alimony and Social Security benefits. You may need to return to work or downsize your home to preserve capital and stretch income. You need to consider your cash flow—how your expenses stack up with your income.
Objective advice can be helpful in charting a new course towards your future. We’ve helped many “suddenly single” women and men plan their financial futures. These plans often lead to a life-long wealth management relationship. As you progress through your new life, we are here to help.