Written by: Soren T. Christensen, CFP®, CIMA®, ChFC®, MBA, Founder & Chief Planning Officer, Advanced Wealth Advisors

Few people want to think about losing a spouse; however, it’s a reality we must confront. The few who do plan for this eventuality may underestimate not only the emotional and physical toll it will take, but also the financial. It’s a known fact that women, on average, live longer than men. Women 65 and older also are three times more likely than men to be widowed (US Census Bureau). In this article, I’ll highlight some steps you can take before and after widowhood becomes a reality  to decrease stress and increase your likelihood of financial success.