Security planning for a wife after retirement
A man nearing 65 outlines steps to secure his wife after his death. He details assets including a $407 monthly pension, $24,000 life insurance, $21,000 investments, and a paid-off home. He recommends a will, a list of assets, power of attorney, and clear funeral wishes, plus a plan to invest $45,000 to yield about $200 monthly.
MENTIONED IN THIS ARTICLE
R. W. Maxwell
Maxwell
Retirement guidance on wills for wives and families
A life insurance and estate planning column advises wives to draft wills while their husbands are alive, plan jointly for children and grandchildren, and review policies with agents. It covers co executors, changes to railroad retirement taxes, and equal work requirements for Social Security, plus tips on keeping investments stable and avoiding probate pitfalls.
MENTIONED IN THIS ARTICLE
V.W
The
Institute of Life Insurance
Institute
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