In addition to the emotional toll of losing a spouse, maintaining your financial security is one of the toughest tasks you may encounter. Our team at Apricity Advisors is experienced at helping widows and widowers navigate through this difficult time.
Case Study
69-year-old Sophie recently lost her husband. She is trying to organize their affairs and reset an investment plan to help secure her financial future. The paperwork, forms, endless customer service and call wait times are overwhelming. Sophie is looking for an experienced guide to work with her every step of the way.
| Challenges | Solutions |
| How do I determine if there are benefits due from my spouse’s pension? Can you help me complete the paperwork needed? | We review all current and previous employer plans to determine if there are pension and/or other benefits due. We work with you to complete and submit all paperwork and add the benefits into your retirement plan. |
| Will there be a change to my Social Security benefits? | We perform a complete Social Security analysis to determine your new benefit amount and help you complete and submit the necessary paperwork. |
| Will I need to make adjustments to my healthcare coverage? | We conduct an analysis based on your age, Medicare options, private health insurance options and your family situation. We will review healthcare alternatives and income requirements with you and help you make an informed decision. |
| How can I be sure my income will be enough to support my lifestyle? | Together, we create a plan based on your lifestyle and income needs. We review all investments, Social Security and pension options to create a flexible plan that provides the income you need throughout retirement. |
| How do I change beneficiary designations and ensure my other important documents reflect the death of my spouse? | We work with you to complete the paperwork to make updates to your beneficiary designations on your bank and investment accounts. If needed, we will coordinate with you and your attorney to update your estate plan. |
This case study is hypothetical and for discussion purposes only. It is not intended to represent any specific return, yield, or investment. Individual experiences reference above may not reflect the future experience of any client. The planning process discussed may not be appropriate for your personal situation, even if it is similar to the example presented. Past performance is no guarantee of future results. Investing involves risk including the possible loss of principal.
