By Tim Kowols
It is not an easy topic to discuss, but many Americans are not prepared financially for when their spouse is no longer with them. According to the New York Times, there are more than 14 million widows and widowers, many of which spending more than 14 years without their spouse. With some couples not sharing the ins and outs of their financial situation with each other, Gay Pustaver from Money Management Counselors recommends spouses having the tough conversation and including their kids in the discussion as well.
Pustaver says reaching out to a confidential professional can be helpful for a family as they grieve the death of a loved one and figure out their next steps financially. You can listen to the entire Money Management Monday interview with Gay Pustaver online with this story.