Auto Homeowners Umbrella Earthquake Commercial

Compared to even a few decades ago, people today can expect to live longer  living longer
and healthier lives. And they can expect their overall quality of life to improve as they age – if they have the resources to stay healthy, that is.

According to a survey of seniors conducted by the National Council on Aging, 80% of those contacted said they plan to age in their homes while 40% felt they would need a child or grandchild to eventually care for them. Almost one-third said they did not know if their money would last through retirement; some did not even have a financial plan.

What can you do to prepare for a good quality of life as you age? Start planning now to ensure you take full advantage of resources that can help you have a longer, healthier life. Start with financial planning by consulting with a certified financial planner. Candidly share your current financial situation, and thoroughly describe your goals for both before and after you retire. Together, create a workable plan that will help you achieve those goals.

Next, focus on legal and estate planning. Depending on your individual circumstances, your plan can be relatively simple or complex. At a minimum, make sure you:

  • Create a complete estate plan: Living Trust, Living Will, Durable Power of Attorney, Healthcare and HIPAA Power of Attorney, and estate planning letters.
  • Name guardians for any minors and dependents.
  • Create written instructions for locating important documents, including insurance policies, bank accounts, and other financial assets.
  • Name retirement plan, 401(k), and IRA beneficiaries.
  • Make funeral arrangements, whether pre-paid or pre-planned.

A comprehensive estate plan ensures that your assets are distributed how, when, and to whom you want. Plus it can relieve loved ones from the stress and emotional impact of making difficult financial and medical decisions on your behalf if you are incapacitated.

 

 

 

 

This article was originally published on Forbes.com by Mark Eghrari

Share |


No Comments


Post a Comment
Name
Required
E-Mail
Required (Not Displayed)
Comment
Required


All comments are moderated and stripped of HTML.
Submission Validation
Required
CAPTCHA
Change the CAPTCHA codeSpeak the CAPTCHA code
 
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive


View Mobile Version
QUICK LINKS

Home
About
Get a Quote
Contact

Refer a Friend Leave A Review
                                      R.L. Thomas Service, Inc.

21021Ventura Blvd., 215                        9655 Granite Ridge Road, 200 
Woodland Hills, CA  91364                    San Diego, CA 92123  
Phone (818) 380-1700                             Phone (858) 737-6335
Fax (818) 906-0667                                  Fax (858) 726-2693
             

                                            License#: 0601754
Powered by Insurance Website Builder