Case Study

Peace of Mind After a Life Change

Peace of Mind After a Life Change

A recent widow wonders how to find financial peace of mind.

The Challenge: Can this widow find financial peace of mind after a tragedy?

Scenario:

A recent widow, Jane had several questions and a lot of anxiety about her new financial situation. She was referred to FBB Capital Partners by a friend who experienced a similar situation years earlier.

Despite being married for over fifty years, Jane had limited involvement in her family’s financial affairs. Her deceased husband had always taken the lead with anything related to finances and, because of that, had limited knowledge of her financial situation. Jane had many sleepless nights thinking about:

  • Where did my husband keep all of the critical documents?
  • Do I have enough money to retire?
  • Can I still afford to live in our house?
  • Will I be able to help my children financially if necessary?

Unfortunately, this is a fairly common situation for many females as most married women will outlive their male spouse, and half of the widows over age 65 will outlive their husbands by 15 years.

In fact, FBB Capital Partners’ business originally grew out of a network of referred widows who found our investment approach and high-touch relationship style to be unique for our industry as well as effective.

FBB Capital Partners Solution:

Working with the client’s attorney, the FBB team assisted in getting accounts re-titled as necessary. Like many widows, our client was also concerned that her husband’s passing would have a meaningful impact on her retirement income, as she would no longer be eligible for 100% of his pension benefit.

Her team at FBB Capital Partners was able to show her how she could afford to begin taking monthly withdrawals from the portfolio to help fill the income shortfall now, and how we would reevaluate the amount every six months to see if she required more or less income to cover her expenses.

FBB Capital Partners offers a variety of services, including fixed income investment strategies and charitable giving and planning.