On Your Own: A Widow's Passage to Emotional & Financial Well-Being

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aka associates, Sep 1, 2006 - Business & Economics - 415 pages
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This fourth updated and revised edition of "ON YOUR OWN" provides practical advice to the recent widow to help her achieve emotional and financial stability. This classic best selling book for widows is coauthored by Alexandra Armstrong, a nationally recognized financial planner who has worked with many widows over the years, and Dr. Mary Donahue, a psychologist who is experienced in grief counseling. The authors firmly believe there is a strong connection between the widow's emotional and financial recovery from the pain of widowhood. They think that to focus on one to the exclusion of the other prevents sucessful recovery since the two issues are intertwined. When the widow gains control of her financial situation, then it makes it easier to heal emotionally and vice versa. "ON YOUR OWN" leads the widow through the recovery process step by step, providing practical advice which should help her move forward to achieve emotional and financial stability. In this book they show the widow how to: . Cope with your loss . Deal with your emotional needs . Organize your finances . Construct a realistic budget . Understand your investments . Develop a long-term financial plan The book is made more interesting and meaningful as the reader follows the stories of four widows ages 40 to 80 as they move in each chapter through the various stages of recovery. Although the book is written primarily for widows, any adult woman who wishes to take control of her life would benefit from reading this book. As one widow said after reading the book: "Yours is the only book that truly approaches it from the woman's viewpoint and clarifies what is a mass of strange and threatening terms and tasks.. You havedone an important thing in a beautiful way. Thank you from my heart and my checkbook!"
 

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Alex Armstrong is my birth mother and I've found her financial advice helpful over the years, I've kept track of her career through publications such as this. The book is well written and informative. I've passed it on to others. A lucky thing that giving me up for adoption in February of 1967, telling her widowed mother that the result of her pregnancy had been a stillbirth and then taking the brokers exam has been so lucrative for her and helpful for the rest of us. She has denied my existance and that of her three grandchildren but is still very helpful and involved in many Washington charity's such as the Boy Scouts and helping Army families. Ironic that one grandson is enlisted and the other a girl scout but she has no personal interest in them at all. How sad. But nice book. 

Contents

Reacting to Your Loss
1
ldentifying Your Personal Characteristics
21
Dealing with Your Emotional Needs
33
Organizing Your Finances
55
Working with Key Financial Advisors
75
Contacting Agencies and Resource People
99
Developing a Meaningful Budget
135
Calculating Your Net Worth
161
ldentifying Todays Personal Attitudes and Realities
213
PART THREE
245
Protecting Your Assets
277
Maximizing Your lnvestment Options
299
Basic Rules of lnvesting
353
Epilogue
377
Psychological Bibliography
389
lndex
399

ldentifying Todays Financial Attitudes and Realities
185

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About the author (2006)

Armstrong is a Ceritifed Financial Planner. He is chairman of Armstrong, Welch & MacIntyre, one fo the nation's premier financial advisory firms. Former president of the International Association of Financial Planning (IAFP), she has been an investment professional for many years. She is a long-time columnist for Better Investing magazine and served on the expert advisory board of Bottom Line Personal. She has appeared on numerous national television programs, including "Wall Street Week with Louis Rukeyser".

Donahue heads a successful psychology practice specializing in counseling women, especially widows.

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