About this episode

This episode discusses the financial challenges and planning considerations women face after losing a spouse.

Losing a spouse is emotional. Making financial decisions during that time? Even harder. In this important episode, Catherine and Rachel walk through what really happens to your income after loss — and the surprises many women don't see coming. From Social Security survivor benefits (and why you don't get to keep both checks) to pension elections that can dramatically impact long-term income, timing matters more than most realize. They also unpack the "widow's penalty" — how taxes can actually increase after a loss due to filing status changes, shrinking tax brackets, IRMAA Medicare surcharges, and required minimum distributions. You'll also learn: When survivor benefits can begin (and remarriage rules to watch) Why the first year after loss may offer unique tax planning opportunities How Roth conversions, capital gains harvesting, and step-up in basis strategies can help Key pension and life insurance considerations before and after loss This is a compassionate but practical conversation about protecting income, reducing taxes, and creating confidence during life's most difficult transition. Download the Widow Income Transition Checklist here…

People in this episode

Hosts: Catherine, Rachel

Topics covered

• income planning
• loss of spouse
• financial decisions
• tax implications
• survivor benefits
• pension elections
• widow's penalty

Keywords

• income planning
• survivor benefits
• tax changes
• pension elections
• widow's penalty
• financial decisions
• Roth conversions

Mentioned in this episode

Organizations: Savvy Women Wealth Management

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