investments

How Much Is Safe to Spend?

October 20, 2016
Pray for the best

The question raised in the headline nags at me. Should you save enough to live to 100? The subhead promises that “here are ways to insulate yourself against outliving your money”—everyone’s fear—but the recommendations are almost opposite those I received from my husband’s professional advisors after I became a widow in 2009. Instead, the writer seems to say, “Oh, chances are you won’t live that …

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Finances: A Widow’s Nightmare

April 14, 2016
desk

Seven years ago today—one week after Lev’s death, my first day alone in my empty house—I was walking across the library when I received an unexpected call from his financial advisors—three people sitting around a speaker phone in another city. I was given no forewarning, no opportunity to have my attorney on the line. The team leader informed me that the bank (this was one …

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Widow on Wall Street

September 29, 2015

I spent my first day in New York at my bank’s Investor Day, not something I was likely to do before 2009. About 200 people were in the room to hear top analysts, bankers and portfolio managers discuss finance and investments. Less than 10 percent of the attendees, including bank staff, were women. Were all of those men widowed or divorced? Where were their wives? …

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