SUMMARY
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CFP and PhD Kathleen Rehl has had many careers spanning from academia to financial advisory. Most recently, Kathleen has continued penning pieced about widows and money and speaking at selected conferences and events. She is the author of Moving Forward On Your Own: A Financial Guidebook for Widows .

Today, Kathleen reflects on the death of her husband, speaks to how it impacted her and her business, and provides financial and personal advice for widows and widowers.

TAKEAWAYS
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01:03 – Kathleen Rehl shares her experience growing up in a four-generation family, early money lessons and her decision to leave academia
08:10 – What inspired Kathleen to write Moving Forward On Your Own: A Financial Guidebook for Widows
13:17 – How Kathleen’s business changed after the death of her husband
16:28 – Kathleen reflects on previous work she’s done with widows and how the experience varies with expected and unexpected deaths
25:03 – Pension, insurance and other general financial surprises that impact widows
26:40 – Basic financial advice Kathleen would give to widows and some of the biggest financial mistakes widows make
31:39 – Support systems and the importance of checking in
34:33 – Financial matters a widow should focus on
38:43 – Resources from Kathleen’s website
45:26 – The last thing Kathleen changed her mind about and one thing she wishes people knew about her
49:28 – Kathleen talks about her ‘ReFirement’
51:48 – Jonathan thanks Kathleen for joining the show and lets listeners know where they can connect with her

QUOTES
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“I didn’t know - with my husband gone - if I was going to be able to continue the business without him. But, my assistant stepped up and took on some more responsibilities and we kept going. I pulled back for a little bit and all my existing clients were very understanding. But I found that I didn’t step back for very long because work was what made sense to me.” (14:10)

“Every situation is unique. And, just because it happened like this for me, doesn’t mean that it’s gonna fit this widowed person over here. But generally, if it was an anticipated death versus an unanticipated death, for many folks out there if it’s an anticipated death, they will start doing some of the things in advance that they need to do planning for this time. Whereas if it’s an automobile accident and they are just gone, they haven’t had time to put a lot of those things in place.” (18:59)

“If you look at men and women, eighty percent of all women when they die are gonna be alone or not married. Eighty percent of men die married.” (21:58)

“That’s where I got a lot of comfort. I had one lady friend who had lost her husband two years before and I had assisted her with some financial matters...” (32:35)

ABOUT MINDFUL MONEY
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Do you struggle with money? You’re not alone.
Money is a means, not an end. It’s a necessity of life for sure, but more money does not always guarantee a “good life”. Money enables many aspects of modern life, but as a dominant consideration it becomes destructive.
The paradox is that more time and energy spent on personal finance does NOT create better outcomes. Unlike many other parts of life, we can’t create better outcomes by being smarter, spending more time, or putting in more effort.
Join Mindful Money author and experienced 40-year investor Jonathan DeYoe as he shares stories from artists, authors, entrepreneurs, and other advisors about how they mindfully minimize their need to think about money and get more out of life.
If you aren’t happy with your finances, feel like money takes more time that it should, or want to place your financial decisions into the broader context of your life, this show is for you.
Each episode will draw the line between the “enough” activities that the academics tell us are additive to family outcomes, and those “little bit more” efforts that take time and sap energy, but do NOT improve outcomes.

GUEST RESOURCES
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Kathleen’s Website – https://www.kathleenrehl.com/
Kathleen’s Facebook – https://www.facebook.com/kathleen.rehl
Kathleen’s LinkedIn – https://www.linkedin.com/in/kathleen-m-rehl-ph-d-cfp%C2%AE-ceft%C2%AE-emeritus-30178421/
Kathleen’s Book – https://www.amazon.com/Moving-Forward-Your-Own-Financial/dp/0984579303
Soaring Spirits International – https://soaringspirits.org/
Modern Widows Club – https://modernwidowsclub.org/
Jane Fonda and I Happily Agree About Drinking After 60 – https://sixtyandme.com/abstinence-from-drinking/

MINDFUL MONEY RESOURCES
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Website - https://mindful.money/
Jonathan DeYoe on LinkedIn - http://linkedin.com/in/jonathandeyoe
Mindful Money on Twitter - https://twitter.com/MindfulMoney_Ed
Mindful Money on Facebook - http://facebook.com/MindfulMoneyPlan
Mindful Money on Instagram - http://instagram.com/mindfulmoneyplan
Mindful Money on YouTube - https://www.youtube.com/c/MindfulMoney
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Podcast Production by FullCast: https://fullcast.co/sn