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Tuesday, Sep 25, 2018
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Widowed financial planner offers workshop in Brandon

BRANDON – Widows, couples planning for future life transitions and people who want to assist a widowed relative or friend are invited to attend a financial planning workshop by Kathleen Rehl, of Land O’Lakes and Saratoga Springs, N.Y., author of “Moving Forward on Your Own: A Financial Guide for Widows,” from 11:30 a.m. to 1:30 p.m. Friday, Jan. 31, at First Presbyterian Church, 121 Carver St.

Rehl is not prospecting for new clients in this workshop.

“Indeed, at the beginning I tell them they can’t work with me as a personal planner,” said Rehl, 67, who relinquished her registered investment adviser status in 2013 when she closed her 17-year-old personal financial planning business. “I can reach more through my teaching, speaking and writing than I could as a one-to-one planner for a limited number of clients.”

Financial planning is different for widows for many reasons, said Rehl.

“A widow’s cognitive thinking is really impacted when she’s in deep grief. … And when she starts working through money issues after her life partner is gone, she may feel emotionally overwhelmed. Grief causes confusion,” said Rehl. “She has lost her thinking partner, which compounds financial planning.”

Often, a widow doesn’t know the details of the family finances.

“And it can be a scary time for her,” she said. “Indeed, many widows experience a bag-lady fear, even those who are millionaires.”

And there are other dangers lurking.

“New widows are also highly vulnerable to being taken advantage of by unscrupulous wolves,” she said. “During this stressful transition time, financial triage activities are necessary.”

The workshop will focus on statistics, how grief sabotages a widow’s or widower’s thinking and decision making, financial steps for recent widows or widowers, ways to avoid big money pitfalls, how to support grieving friends and relatives making financial decisions, issues of the heart as part of future planning and plans that can be made in advance.

The workshop includes a light lunch. Advance reservations and a $5 donation are requested. Email [email protected] or call Judy Smolk, (813) 643-9586, by Monday, Jan. 27.

Send news of community interest to Barbara Routen at [email protected]

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