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Widows Navigating the Next Chapter
Topic
General Principles of Financial Planning
Program ID
335739
Hours
1.5
Format
Live / Conference Session
Complexity
Intermediate
Description
Widowhood is a major life event, what follows next is the liminal experience of the transit from the way life was to the way it will be. The first year is a time when the big pieces are put back into the new order. It may look like the hard part is done and the widow is good to move on.
Yet there is usually an extended time adjustment, when the fog of grief is lifting, a new kind of reality check comes into play. This is where the full potential of a life transition exists. It is easy to underestimate the value and possibilities of the new choices that will shape the next chapter. This stage of transitions, Passage Stage, typically takes years not months.
As a trusted advisor you can be a widow’s thinking partner throughout this stage, encouraging them to write their new narrative. Help them consider their commitments, routines, test What if.. possibilities, and expand their sense of safety and confidence.
In this session we will go beyond traditional financial planning, life planning, and behavioral finance. We will spend our time together on the powerful and life- shaping side of the human experience of transition.
Learning Objectives
• Mapping and understanding the nuances of the three stages of a widow’s transition.
• Identify and manage blind spot bias experienced by both clients and advisors.
• Consider structured conversations to engage a client’s ability to reimagine what comes next.
• How to set up a personalized scenario planning model that encourages testing ideas and competing goals.
• How to keep the door of possibilities open while protecting wellbeing.