Losing a Spouse: Loss, Social Security, and Taxes (Part 1)

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Losing a spouse is one of the hardest experiences a person can face, emotionally and financially. Mitch discusses some of the difficult realities surviving spouses often encounter and the importance of having a plan in place before tragedy happens. If you’ve been putting off legacy or survivor planning conversations, today’s discussion highlights why planning matters, especially before grief and uncertainty make important financial decisions even harder.

Here’s some of what we discuss in this episode:

📉 Income Changes: Benefits and cash flow shift

🧾 Widow Tax: Taxes may actually increase

🛡️ Legacy Planning: Preparing before tragedy matters

💔 Decisions While Grieving: Avoid rash financial moves by planning ahead

📋 Comprehensive Planning: Every piece works together

Resources

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The Lyons Share - Family, Faith, Football, Finance And Fun
The Lyons Share - Family, Faith, Football, Finance And Fun
Mitch Lyons

Welcome to "The Lyons Share," a podcast where family, faith, football, finance, and fun come together. Hosted by Mitch Lyons, a former NFL player and founder of Mitch Lyons Wealth, this podcast offers a unique blend of insightful discussions and lighthearted conversations. Join Mitch as he shares his experiences, wisdom, and stories. Whether you're a football fan, finance enthusiast, or simply looking for inspiring content, "The Lyons' Share" has something for everyone.