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Financial PostMarch 2023

I’m 73 and newly widowed so how should I best organize my finances and investments?

Featured writing by Allan Norman · M.Sc. · CFP · CIM

The Short Version

Losing a spouse reshapes a household's finances overnight, and this piece walks through how someone newly on their own might steady the ship and put their accounts and investments in a sensible order. The focus is the practical work that follows a death: pulling together what's now held in one name, understanding the income that will and won't continue, and resisting the urge to make big, permanent decisions while still grieving. It frames the discussion around three quiet threats to wealth that anyone reorganizing should keep an eye on, and the kind of thinking that helps a recent widow or widower feel in control again. It's most relevant to an older Canadian managing money solo for the first time, perhaps after a partner handled the investing.

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