In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the different retirement things to consider if your spouse passes away. They explain how to approach cash flow, estate settlement, insurance, tax, and investment and assets issues.

Listen in to learn the importance of knowing how much you’re spending, where that money comes from, and what changes will happen after a spouse’s death. You will also learn the importance of getting an attorney to help you through the probate process if your deceased spouse didn’t have a will executor.

In this episode, find out:

• Cashflow – Consider where the money is coming from and whether any changes will occur.
• The importance of knowing how much you’re spending, where that money is coming from, and what changes will happen after a spouse’s death.
• Estate settlement issues – The question to ask yourself and the correct process to go through with an attorney.
• Insurance issues – Check their life insurance, work-related benefits, and other types of insurance.
• Tax issues – Things to consider with the home, joint properties, income taxes, and dependent children.
• Investment and assets issues – Consider their money accounts, transferability, and other assets.
• Other things to consider – Driver’s license, email accounts, and social media accounts to avoid identity theft.

Tweetable Quotes:

• “Knowing how much you’re spending, where that money is coming from, and what changes are going to happen due to the death of a spouse is going to help you start thinking through all the different issues.”- Murs Tariq
• “You want to reach out to an attorney to help out with a probate issue, especially if there’s a lot of assets that will go through probate.”- Radon Stancil

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.