Before the death of a spouse, here’s how to prepare a financial plan for living alone
Of all the risks couples face in retirement, the death of a spouse is a certainty.
But they don’t seem to be planning it, according to a Merrill Lynch and Age Wave study on widowhood. Consider:
+ More than half (53 percent) of widows say they and their spouse did not have a plan for what would happen if one of them died.
+ Seventy-six percent of married retirees say they would not be financially prepared for retirement if their spouse died.
+ Following the death of a spouse, half of widows experience a household income decline of 50 percent or more.
So what should couples do to better prepare for the loss of a spouse?
Retiree News 
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