Eating the Estate Planning Elephant... One Bite at a Time, Part II

You may have been cohabitating with your proverbial estate planning elephant for some time now, but if the first part of this article attempted to prove anything, it's that the best way to tackle any challenge is to take it step by step, or in this case, bite by bite. With this approach, creating that much-needed estate plan is decidedly within reach, and any reasons for procrastinating you may still have been clinging to should have been well trampled by now.

 

If you don't already have a will in place, get to work on drafting it now.

 

You've started breaking the chore of estate planning into small, more palatable “bites,” and you've already accomplished a great deal. Once you've taken stock of your physical assets as well as your more intangible property, tallied up your debts, and have asked your agent or advisor to give your annuity and/or life insurance policies a good checkup, you're well on your way toward a comprehensive plan.

Read More

Retirement Planning: A Recipe For Success

Planning your investments to build a retirement fund can be a dizzying prospect. The various questions and options and details and accounts and amounts are enough to make anyone’s head spin. Wouldn’t it be nice if there was a generic recipe for success? A nice neat list of step by step instructions on how to make the best decisions on where, when and how much when it comes to investing for your retirement. Unfortunately, this list of steps is incredibly dependent upon each individual and their current situation and future plans, so a sure fire success route doesn’t exist.

 

Read More