Tax Planning for Retirement: What Happens When Your Spouse Dies?


Tax planning plays an important role in your retirement strategy. Most retirement savers have a good understanding of how their tax burden factors into their income in retirement, but there is one area that is commonly ignored: how the death of you or your spouse will affect your taxes.

Tax planning for the death of your spouse is challenging for the same reason that estate planning is challenging: it is difficult to plan for — or even think about — your death or your spouse’s death. But as this MarketWatch article explains, planning today can help you avoid financial complications in the future.

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This communication is for informational purposes only. No content or reference to a third-party article is intended to be a recommendation for the sale or investment in any product, strategy or service nor should it be perceived as individual advice. This commentary does not necessarily reflect the opinions of all employees or XML Financial Group and its affiliates (“XML”).  XML is not responsible for any actions taken related to this information.

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