This article discusses why it is a good idea for older senior citizens to keep a death book. One important detail that this death book should contain is information about what sort of income a person should expect to live on in retirement after their spouse passes away. This income will include social security survivor benefits as well as any pensions and annuity payments that they might receive. A person should include information about savings and retirement accounts that they own or any inheritance that they expect to receive from a parent or relative. Careful and comprehensive estate planning is important for any person that wants to live a comfortable life in their retirement.
See Henry K. Hebeler, All older people should keep a ‘death book,’ Market Watch, December 21, 2015.
Special thanks to Jim Hillhouse for bringing this article to my attention.
