In the mid-1990s I was in talks with Moody Publishers about the possibility of writing a second book. They asked what topics interested me, and among the ideas we discussed was a book tailored to the financial needs of widows. Due to writing fatigue after my first book, coupled with the time demands of the SMI newsletter, that follow-up book never got written.
I know from the correspondence we receive that the SMI newsletter has been helpful to many widows, and for that I’m grateful. These dear women often turn to friends and relatives for advice, who refer them to financial professionals they know. But far too many times that results in widows being sold high-commission investments that are inappropriate for their situation. It grieves me to read of the ways they are taken advantage of, and their needs have remained on my heart.
I want to see widows get the kind of personalized, objective financial advice they need. However, due to legal/regulatory restrictions, we at SMI are not allowed to offer individualized counsel. A widow needs a trusted and competent financial planner who will listen to her story, review her financial situation, and suggest a prudent course of action.