While Mary always knew that women had longer life expectancies than men did, it didn’t lessen the shock of losing her husband unexpectedly. Fortunately, she had a good support group around her – including us. She and her husband had been our clients for many years, so we already had great knowledge and familiarity with her financial situation.

We would first help her with the many immediate financial priorities – medical bills, funeral expenses, life insurance proceeds, Social Security and the retitling of financial accounts. Then we would create a clear financial plan designed for having sufficient income each month to maintain her lifestyle and enable her to move forward with her life as an independent woman.

This investment profile is hypothetical and not indicative of any specific situations or clients. It is presented only as an example and not intended as investment advice. Please note, changes in tax laws or regulations may occur at any time and could substantially impact your situation. Raymond James financial advisors do not render advice on tax or legal matters. You should discuss any tax or legal matters with the appropriate professional.