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The Wealth Movement

Navigating Widowhood: Shifting Roles, Courageous Hearts, and the Path to Financial Resilience with Carolyn Moor

Nov 8, 2023
Carolyn Moor, a financial advisor specialized in helping widows, discusses the challenges widows face, the importance of support networks like the Modern Widows Club, regaining a sense of self, tackling financial challenges, and cultivating courage and resilience for widows on their journey towards healing and independence.
01:21:42

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Support networks like the Modern Widows Club are crucial for widows' emotional and mental health.
  • Widows can regain their sense of self and rebuild their lives after losing a spouse through the Modern Widows Club's programs and resources.

Deep dives

The Challenges Faced by Widows

The average age of widows in the United States is 59, and for women over 60 who become widowed, their household income often decreases significantly. Widows also face the risk of outliving their spouses, with 70% of nursing home residents being women. Despite these challenges, only 23% of women take the lead in financial planning and long-term strategies for their future. Widows often experience a sense of deep loss and fear regarding finances after losing their spouses, as they relied on them for financial management. This transition and added responsibilities can be overwhelming for widows.

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