It is widely known that in order to completely retire, in most cases, the person retiring needs to have some amount of money set aside. Though it seems as simple as socking money away for that time when you decide you are no longer going to work, it is not actually that easy most of the time.
The 4th of July is very popular for fireworks and food. We found it only fitting to mention a couple of amazing stats in today’s show that might really blow you away.
Estate planning is by definition the act of preparing for the transfer of a person’s wealth and assets after his or her death according to investinganswers.com. At first glance you might not really associate estate planning with your retirement even though it is in-fact a vital part of the process.
The idea of someone close passing away is never usually the top thing on your mind, but it is really important to have a plan set in place. The last thing anyone wants to do is think about money when they should be taking care of personal matters.
It might not seem like it, but there is a really good chance that if you look back on big milestones in your life they probably happened around age 29, 39, or even 49. We all tend to have this mental clock that sets a goal for things like marathons, for example, that we have to accomplish before we reach the next decade of our lives. John McCann and Michael Clark discuss some interesting points on setting goals and how much it helps in getting the results you desire.