Hope for your financial life and beyond

Beyond the Retirement Plan: 3 Things to Do Before You Stop Working

Have you started thinking about your retirement plan? For most, the retirement plan consists of saving enough money to cover their life expenses after they stop working. More than likely, the retirement plan revolves around socking money away in investment accounts such as a 401(k), traditional or Roth IRA, a savings account, or real estate. Some may even horde cash in a savings account or CD.

retirement plan

In one sense, the retirement plan is about the money. But it’s not JUST about the money.

Other concerns abound besides having enough money to pay for housing, food, and other expenses. The money side is important but other issues can impact if have a fulfilling retirement. Addressing these ahead of time will make a big difference in how comfortable you feel and your family feels.

So before you start planning your retirement party, make sure you’ve addressed these important issues.

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How to Make a Will and Protect Those You Love

Today I’m going to talk about a personal finance related topic that many people ignore – how to make a will. In fact, this topic is more avoided than you think. A recent survey at Caring.com showed that only 42% of Americans have estate planning documents. What’s even worse is that for those with children under the age of 18, the number drops to 36%. Yikes!

how to make a willIt’s not surprising a large number of people avoid making a will. Making a will requires a person to think about one very uncomfortable event – their death. I don’t think anyone of us is looking with anticipation towards that specific day.

However, the reality is this – that day WILL come. It is unavoidable. And the real truth of the matter is, we don’t know when it’s going to be. Not all of us are guaranteed to live to 100.

So before I get to how to make a will, I want to show you why it’s important and how it helps protect your family.

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