If you recently lost a loved one or went through a divorce, dealing with new financial responsibilities like Social Security survivor benefits or changes to your will are probably the last things you want to deal with right now.
Unfortunately, some decisions do need to be made to best support you and your retirement plans. It’s important to understand how these changes in your life could affect your:
- Social Security benefits
- Monthly finances and expenses
- Retirement savings plans and beneficiaries
- Estate plans and wills
In fact, you’ll need to consider many of the same questions and decisions you made when first setting up your retirement plans.