  The contribution of the rho^{\pm} vector meson to the tau -> pi pi nu gamma
decay is considered as a potential source for the determination of the magnetic
dipole moment of this light vector meson. In order to keep gauge-invariance of
the whole decay amplitude, a procedure similar to the fermion loop-scheme for
charged gauge bosons is implemented to incorporate the finite width effects of
the rho^{\pm} vector meson. The absorptive pieces of the one-loop corrections
to the propagators and electromagnetic vertices of the rho^{\pm} meson and
W^{\pm} gauge boson have identical forms in the limit of massless particles in
the loops, suggesting this to be a universal feature of spin-one unstable
particles. Model-dependent contributions to the tau -> pi pi nu gamma decay are
suppressed by fixing the two-pion invariant mass distribution at the rho meson
mass value. The resulting photon energy and angular distribution is relatively
sensitive to the effects of the rho magnetic dipole moment.
