Losing your partner can be devastating. It is understandable that you may experience a flood of feelings – grief, sorrow, numbness, fear, anger, even guilt. To add insult to injury there are numerous financial items to address. When you are ready to tackle these items use this checklist as a guide to help you navigate your way to a new normal.
Develop a Financial Plan
If you had a financial plan in place before, chances are assumptions have changed dramatically. This is the perfect time to put a plan in place that reflects your new goals, new cash flow, and new balance sheet. As part of this process confirm that your investment allocation is aligned with your goals. A plan can help you answer the million-dollar question “Will I Be Ok?”
If this checklist seems overwhelming it does not need to be. You can partner with a financial advisor who can help you navigate through all of these complexities. Molly Goetz (CFP®, CDFA®) is a Partner & Practice Lead at Greenspring Advisors. Contact her if you want to get started on putting a financial plan in place.
Information contained herein has been obtained from sources considered reliable, but its accuracy and completeness are not guaranteed. It is not intended as the primary basis for financial planning or investment decisions and should not be construed as advice meeting the particular investment needs of any investor. This material has been prepared for information purposes only and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy. Past performance is no guarantee of future results.