Losing a spouse is something no one likes to think about, but for virtually every married couple, it’s a reality that will eventually have to be faced. And beyond the emotional toll, there are financial changes that happen automatically, whether you’re prepared for them or not.
For example: What really happens to Social Security benefits when one spouse passes away? How does losing married filing jointly status affect your taxes? Why can Medicare premiums actually increase, even if household income drops? And what mistakes can be made with inherited retirement accounts that can’t be undone?
What should you know before you ever need to? Learn all about it as podcast host Johnny Dean and Rick “The Professor” Plum, CFP® walk through four critical financial shifts every surviving spouse should understand on this week’s episode of Managing Your Financial Future!
