They Lost a Spouse but Bounced Back: 5 Women’s Financial Stories – Kiplinger’s Personal Finance

When you’ve just lost your spouse, you may be dealing with the loss of your life companion, your partner and best friend. It can be an overwhelming time, and it may be difficult to see a light at the end of the tunnel, to a day when you might feel better and brighter about your emotional and financial future.

In times like these, it can be comforting to hear from women who have been there and made it to the other side.

Every year, women who lose their spouse are able to start fresh, move beyond the immediate and uncertain aftermath of this time, and begin living new lives. Here’s a look at how five of Francis Financial’s clients were able to get back on track after losing their partners.

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Sandy’s Story: Making Memories in a New Home

Sandy reached out to us when her husband of 42 years, Mike, passed away. During her marriage, Sandy did not worry about her finances. Mike was a successful real estate investor in New York City, and the couple enjoyed a comfortable lifestyle. They lived in a townhouse on the Upper East Side, where they raised their three now-adult children.

When we met with Sandy, she had decided to sell her townhouse, as she did not want to have to manage the maintenance that it required or be made to think of the painful memories of Mike’s sickness. She wanted to stay in her neighborhood so that she could continue daily walks in Central Park with friends and enjoy her familiar surroundings.

Francis Financial built a comprehensive financial plan detailing how Sandy could move to a high-end rental apartment on her same block, with all the amenities she will need as she grows older.  We also constructed a custom portfolio that generates so much income and growth that Sandy does not have to dip into the principal. She is also happy that she will be able to leave money to her children and grandchildren, which is something that Mike wanted, too. Sandy has a better understanding of her money and feels more financially secure than ever before.

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Madeline’s Story: Feeling Reassured That She’ll Be OK

Madeline reached out to us after her husband, Tim, passed away. Madeline was a nurse, and Tim was a chief financial officer at an insurance company. They were able to build a good deal of savings because they were always very careful with money. …….


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