5 Financial Risks Couples Overlook

Losing a spouse is one of the most difficult experiences someone can face. 💔 Unfortunately, many surviving spouses also encounter unexpected financial challenges during an already overwhelming time. Erin Kennedy speaks with Abby Reed, Co-CEO of Reed Financial Group, about financial blind spots that can create serious challenges for surviving spouses if left unaddressed. ⚠️ This video includes: • Why undisclosed debt can create serious financial stress for a surviving spouse • The importance of password managers and shared account access • Why both spouses should establish their own credit history • How household finances can feel overwhelming if one partner manages everything • The “widow’s tax” and why tax brackets can change dramatically after a loss If you’d like to learn more about planning strategies to help protect your family, contact the team at Reed Financial Group or visit our website for additional resources. ———TIMESTAMPS——— 00:00 – Intro/ Avoiding surprise debt 01:57 – Don’t get locked out of accounts 04:05 – Both spouses need established credit 05:53 – Getting on the same page when it comes to spending 07:57 – Proactively preparing for the “widow’s tax” 11:09 – Our team can help guide you and your spouse through these necessary steps ================================================================ 📅📅 𝗛𝗮𝘃𝗲 𝘀𝗽𝗲𝗰𝗶𝗳𝗶𝗰 𝗾𝘂𝗲𝘀𝘁𝗶𝗼𝗻𝘀 you would like to ask the team at Reed Financial Group? Request a visit here: 👇🏻 https://www.reedfinancialgroup.net/co... ====================================================================== 🔴🔴 𝗦𝗨𝗕𝗦𝗖𝗥𝗜𝗕𝗘 𝗳𝗼𝗿 𝗺𝗼𝗿𝗲 𝗧𝗜𝗣𝗦:    / @theretirementfamily   ================================================================ 📱📱 𝐂𝐎𝐍𝐍𝐄𝐂𝐓 𝐖𝐈𝐓𝐇 𝐔𝐒 𝐎𝐍 𝐒𝐎𝐂𝐈𝐀𝐋 𝐌𝐄𝐃𝐈𝐀 Facebook:   / reedfinancialgroup   Instagram:   / reed_financial_group   LinkedIn:   / reed-financial-group-llc   #CouplesFinance #MarriageAndMoney #SurvivingSpouses #WidowsTax #SocialSecurity #FinancialPlanning #WealthManagement #RetirementPlanning #TheRetirementFamily #ReedFinancialGroup DISCLOSURE: Investment advisory services offered through Brookstone Capital Management, LLC (BCM), a registered investment advisor. BCM and Reed Financial Group are independent of each other. Insurance products and services are not offered through BCM but are offered and sold through individually licensed and appointed agents. All Statements and opinions expressed are based upon information considered reliable, although it should not be relied upon as such. Any statements or opinions are subject to change without notice. Investments involve risk and unless otherwise stated are not guaranteed. Past performance cannot be used as an indicator to determine future results. Any strategies mentioned may not be suitable for everyone, information expressed does not take into account your specific situation or objectives and is not intended as recommendations appropriate for you. Before acting on any information mentioned, please consult with a qualified tax or investment advisor to determine if it is suitable for your specific situation. This program is designed to provide accurate and authoritative information with regard to subject covered.