Page 22 - Abacoa Community News - June '24

Page 22, Abacoa
Financial Focus ®

Financial Tips For Widows you qualify for survivor and retirement benefits, you’ll that can help ease the stress you are naturally feeling.
receive the larger amount. Depending on your situation,
Few events are as sad as losing a spouse. But when

And Widowers you might come out ahead by delaying your retirement you feel ready, start taking the steps necessary to continue
benefits, giving them the chance to grow, while you accept forward on your life’s journey.
By Sally Sima Stahl survivor benefits. For more details on receiving Social This article was written by Edward Jones for use by
Losing a spouse is Security benefits, visit the Social Security Administration’s your local Edward Jones Financial Advisor, Edward Jones,
one of the most painful website at www.ssa.gov. Member SIPC.
experiences anyone can Review Your Estate Plans Edward Jones is a licensed insurance producer in
have. Unfortunately, The death of a spouse can certainly affect your family’s all states and Washington, D.C., through Edward D.
widows and widowers have estate plans. So, it’s a good idea to review these plans to see Jones & Co., L.P., and in California, New Mexico and
to deal with more than just what changes, if any, need to be made. When conducting Massachusetts through Edward Jones Insurance Agency
the emotional trauma – they this review, you’ll benefit from working with an estate- of California, L.L.C.; Edward Jones Insurance Agency of
also must consider a range planning professional. New Mexico, L.L.C.; and Edward Jones Insurance Agency
of financial issues. If you’ve Finally, keep in mind that you don’t have to go it of Massachusetts, L.L.C.
recently been widowed, alone during this difficult time. If you’re already working Edward Jones, its employees and financial advisors
what financial moves should with a financial professional, they can help. If you aren’t cannot provide tax advice. You should consult your
you consider? currently working with one, now might be the time to qualified tax advisor regarding your situation.
For starters, don’t rush into any major decisions. If start. By looking at your finances and your family situation Contact us at (561) 748-7600, Sally Sima Stahl, AAMS,
you’re still in the grieving process, you are unlikely to holistically, a financial professional can provide guidance 1851 W. Indiantown Road, Ste. 106, Jupiter, FL 33458.
be in the best shape to make significant choices affecting
your finances and your life.
But once you feel ready to look at your situation
objectively and make appropriate choices, consider the
following steps.
Review Your Finances
Look at your entire financial picture – your assets,
investments, debts and income. If you and your spouse
had communicated well about your finances, and you
shared decisions, you hopefully won’t encounter any big
surprises. But if your spouse was the partner who mostly
handled financial matters, you may need to get up to speed
quickly on what you have and what you owe. And if your
spouse had provided a large amount of your household
income, you will also need to determine what changes
you may need to make to your lifestyle.
Address Insurance Issues
If you will receive a death benefit from your spouse’s
insurance policy, what will you do with the money? It may
prove helpful in funding your own retirement or meeting
other financial goals. But you’ll also want to be clear about
what other beneficiaries, such as your children, might
receive. And while you’re looking at insurance, you also
might want to look at your own policies – do you need to
change beneficiaries?
Review Your Social Security Options
If you are at least 60 and you were married at least nine
months, you may be entitled to Social Security survivor
benefits. (If you remarry before age 60, you typically
cannot receive survivor benefits, but you can reinstate
them if this subsequent marriage ends.) The amount of your
survivor’s benefits depends on your age and the age of your
deceased spouse. You can’t claim your deceased spouse’s
benefits along with your own retirement benefits, so if

Science On The Cutting Edge from page 22

own research program addressing critical unanswered
questions of brain function. Given his scientific talent
and accomplishments, and with the continued support
from MPFI through the Max Planck Partnership
program, he will be able to significantly impact the
understanding of altered plasticity in autism and will
expand cutting-edge neuroscience research in India.”
TCG CREST was founded in 2020 by private equity
firm The Chatterjee Group. The institute focuses on
creating a global scientific collaboration to facilitate
fundamental research. Located in Kolkata, India, the
organization also provides graduate and postgraduate
education programs as well as executive education
programs. In addition to neuroscience, TCG CREST
focuses on AI, sustainable energy and quantum
engineering.
Jain expressed his hope for a growing relationship
between the institutes, “I look forward to exposing
my trainees to the cutting-edge research at MPFI and
introducing MPFI scientists to CHINTA, TCG CREST.
I hope this partnership starts a lasting and productive
scientific and training collaboration between the
institutes.”