Consumers often believe that financial planning means having money to invest. Not so!
No one gets out of this world alive, but we can plan to make it easier on those we leave behind.
You may be one of the lucky ones and dad has already done everything needed and will tell you where the papers are. If not, start with some casual comments.
Estate Planning does not have to be fancy, expensive or complicated.
If you have done estate planning, when did you do it?
There’s lots of books about how to raise kids but there isn’t much about how to plan financially for a baby.
Unless you want to live with one of your kids in your old age you really need to do some retirement planning.
As part of your financial plan you will need to be sure you are adequately insured and have an estate plan as well so you can protect those you love as well as your assets.
According to a survey by the legal service Rocket Lawyer, almost three-quarters (71%) of adults under the age of 34 do not have a will.
Losing both parents is not a common occurrence, but it happens often enough that we all know of someone who either lost their parents or who is raising someone else’s kids.