Losing a spouse can be overwhelming, especially when facing financial decisions. Take time to manage immediate concerns like bills and end-of-life costs. Obtain copies of your spouse’s will and death certificate to begin settling affairs. Confirm Social Security benefits and explore other potential death benefits you may be entitled to.

Surviving spouses can receive Social Security benefits as early as age 60. Consider discussing options with an investment professional to maximize benefits. Review accounts and update beneficiary designations. Be cautious of financial fraud targeting vulnerable individuals after the loss of a spouse.

Consult with a tax or investment professional to understand inheritance account options and required minimum distributions. Evaluate asset allocation and consider new investments. Review wills and beneficiary designations to ensure assets are distributed as desired. Utilize resources like FINRA’s BrokerCheck tool to research investment professionals.

Understand the importance of updating your financial documents after the loss of a spouse. Be aware of common scams targeting individuals in vulnerable situations. Seek help from FINRA’s Securities Helpline for Seniors if you suspect fraudulent activity. Research available resources like the Consumer Financial Protection Bureau’s guide for surviving spouses.

Explore strategies to maximize retirement savings and Social Security benefits. Consider joining Stock Advisor for more retirement tips. Learn more about maximizing Social Security benefits for a more confident retirement.

Stay informed about financial strategies and retirement tips to ensure a secure future. View additional information on maximizing Social Security benefits. Be aware of financial fraud targeting vulnerable individuals after the loss of a spouse. Utilize resources like FINRA’s Securities Helpline for Seniors for assistance.

Read more at Yahoo Finance: Tips for Managing Money After the Loss of a Spouse