The financial stress of losing a loved one can also have a significant psychological impact on children. Several studies have shown that children who grow up in financially difficult times after the loss of a parent may experience psychological and emotional difficulties. One study, published in the Journal of Child Psychology and Psychiatry, found that children who lose a parent to death are at an increased risk for developing mental health disorders, such as depression and post-traumatic stress disorder (PTSD). These children were also found to be more likely to experience difficulty in forming healthy relationships and achieving academic and career success. Got questions about maximizing your retirement income, saving for retirement, life insurance, or estate planning? Send me an email to [email protected]. I am always willing to see if i can Help!

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