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.
If you are a glass half full kind of person you may appreciate the positive news that Michael Clark and John McCann have for you about getting a divorce with kids. Though it doesn’t sound very promising, there are a few retirement savings strategies that might help make the divorce a little better.
If you are approaching 65 there is a chance your friend, neighbor, or even coworker told you everything you need to know about Medicare. That advice might have even been completely accurate. The issue with this “cookie cutter” advice on Medicare is that each situation tends to be different and the advice is may not the best for you.