Widowhood & Your Finances

Widowed women outnumber widowed men by 3:1 in the US. There are approximately  11.2 Million widowed women in the US in 2020 as compared to 3.4 million widowed men.

Additionally, women are living longer than men too. Most women who are over age 65 will outlive their spouse by an average of fifteen years. Planning for a financial future as a widowed woman is critical in making the best financial decisions so you can live financially independent for many years to come. There are critical financial decisions to consider around your housing, healthcare, social security benefits, insurance.

Planning for widowhood for women is important. In many cases, the standard of living changes as the household income can change. So understanding the changes in social security benefits, retirement income and earnings and other income streams need to be understood so you can balance your cost of living expenses effectively.

Savvy Ladies is here to help educate and share resources and guide you to gain the knowledge you need to learn and make smart financial decisions to understand your financial picture as a widow.

Top blog articles about Finances & Widowhood

Wealthy or Not, Your Estate Matters

June 2 2021 1:00 PM EST with Paula M. Jones The word “estate” is usually associated with high-net-worth individuals. But the truth is estate planning is a must-do for everyone, regardless of income or age. In this webinar, estate attorney Paula Jones will explain...

On the 12 Days of Christmas

by Susan HirshmanAs I was driving the other day, the song … On the twelve days of Christmas my true love gave to me….came on the radio.  It made me think – who really is our true love and what is it really that we want.Who really is our true love?  Well, I...

Webinars on Finances & Widowhood

5 Tips for Surviving Grey Divorce in Retirement

By: Michelle Petrowski Buonincontri, CFP®, CDFA A late-life divorce can wreak havoc on even the most well-thought-out retirement plan. You were happy “once upon a time” and planned a future…. Now you’re 55 and getting a divorce.  Or maybe you’re 60 or even in your...