Next Avenue, a public media website, writes on Forbes, that “as a financial adviser for more than two decades, I have found that many boomer couples have not prepared well for something they’re likely to experience: The transfer of assets from the husband to the wife when the husband dies.”

According to U.S. life expectancy rates, women live, on average, until age 81 while men live, on average, until age 76.

The problem is, for many couples, throughout their marriage the husband has been responsible for major financial planning decisions while the wife has managed the household and the checkbook. As a result, many widows find themselves needing to handle financial assets for their livelihood when they have little experience doing so.

via 5 Money Moves For Boomer Couples To Consider.

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.