Stacy Francis on Taxes & Financial Planning for Widowed Parents

I had such a great discussion with Stacy Francis for this episode. Stacy is a certified financial planner who specializes in working with women going through transitions, including becoming widowed. I invited her on the show because this is such an important topic, and it’s helpful to be able to ask an expert our questions about money, taxes, and social security.

Some topics Stacy and I discuss include:

• Thinking about the first tax return as a widowed person;

• Some differences to know about filing statuses such as Qualified Widow(er), Head of Household, and Single;

• Tax breaks for widows that are important to know about;

• Why life insurance is an important financial tool;

• The importance of planning for retirement;

• Social security benefits that widowed people with children are eligible for;

• The free guides & checklists that Stacy has available on her website;

• Her nonprofit, Savvy Ladies, which offers free financial advice and services for women who need it; and

• What is important to know and ask when choosing a financial planner.

  I hope you enjoy my discussion with Stacy Francis.

Links & resources for this episode

• Stacy’s website: Francis Financial

• Stacy’s nonprofit: Savvy Ladies

• Financial Help for Widows: A Complete Resource Guide
  Stacy’s list of questions to ask a potential financial advisor

• National Association of Personal Financial Advisors

• Social Security Administration website

• FEMA’s Covid-19 Funeral Assistance program

More links for listeners

• Download: Kids & Grief: What You Need to Know

• Article: I’m a Widowed Mom: Here Are My 3 Tips for COVID-19 Widows

• Book: Widowed Parents Unite: 52 Tips to Get Through the First Year, from One Widowed Parent to Another

Thank you sponsors & partners:

Help Texts - Grief support text messaging service. Tips and support delivered all year long, personalized based on your loss. Listeners get $10 off: https://helptexts.com/jennylisk

BetterHelp - Talk with a licensed, professional therapist online. Get 10% off your first month: betterhelp.com/widowedparent

Support the show - Chip in at BuyMeACoffee.com

What is your biggest challenge as a widowed parent right now?

Call our voice mailbox at (669)257-3434 and leave a message. Or, answer this quick one-question survey. We’ll work with experts to answer listener questions in future episodes & articles.

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