A financial plan should consider more than just where your investments are. Even though it’s uncomfortable to bring it up, do you know what your plan is following the death of a spouse?
Read more and get additional resources here: http://petersonfg.com/dealing-with-the-death-of-a-spouse/
Today's rundown:
1:11 - Regarding the CARES Act, what do you need to know about RMDs?
3:07 - Just because you don’t have to take RMDs, is there a reason to still get them?
5:45 - What is typically the top concern of the remaining spouse?
7:11 - When a spouse passes away, your expenses don’t get cut in half.
8:22 - Stress test: if something were to happen, what’s your plan?
