Financial Tips for Surviving Spouses
financial advice for surviving spouses are a necessary part of creating an independent life as a widow. According to research conducted by the Social Security Administration in 2005, the poverty rate for elderly widows was more than three times that of married women of the same age over 30 years. The research attributes at least part of the poverty rate of the widow to spend their savings in health care for a sick or dying husband. (McGarry, Kathleen and Schoeni, Robert F. (2005, January). Medicare gaps and widow poverty. Perspectives, 66, 58-59.) Learn about the gaps in Medicare, spousal benefits and how to establish a solid credit history are important financial tips that can help the widows are on the path to financial independence.
Gaps in Medicare may make a difficult time
