"Preventing the 'Survivor's Penalty' When Your Spouse is Ill"

Older married women may face a "survivor's penalty" of higher future taxes after their spouse passes away, but there are ways to prepare, including considering partial Roth IRA conversions, updating investment account ownership and beneficiaries, and reducing taxes on IRA distributions by considering beneficiaries other than the spouse. It's important to be aware of potential tax implications and plan accordingly to minimize the financial impact.