5 Basic Tips for Creating a Solid Retirement Plan

You know what the picture is supposed to look like: You spend your whole life on the job, working toward that magical retirement age when your golden years begin — that era when you're rewarded for  your life's labors with the time and resources to pursue your passions, whether it be traveling, spending time with your grandchildren, or pursuing a favorite hobby. But with a rocky economy and the cumulative changes over the last generation, that picture might not be so clear.

No matter how near or distant your retirement may be, there are more than a few simple things you can do to prevent your retirement picture from blurring into something unrecognizable. Consider these basic tips to see to it that your retirement is spent doing what you love, and ensure your retirement picture develops the way you've always hoped.

A good advisor can talk you through the process, recommend appropriate investment tools, offer practical advice on savings, and what's more, keep an eye on your retirement portfolio. Ask friends or colleagues for some trusted advisors, and then get to work.

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How to Plan Your Estate as a Cohabitating Couple

Estate planning can seem like a long, uphill battle to a land that is optimistically distant.  No one likes to think about what happens after they’re gone, but this thought process can be the difference between recovery and devastation for your loved ones.  It’s critical to ensure that you have taken the proper steps to put your affairs in order so that your spouse and children will be taken care of.  This task can be even more critical for the growing number of couples choosing cohabitation over marriage.  These couples lack many of the legal rights that aid married couples in their estate planning.  The growing numbers of the adults choosing to cohabitate rather than marry, either heterosexual or same-sex, need to take extra care in planning their estate to ensure that all of the I’s are dotted and T’s are crossed.

 

Estate planning is a critical step in everyone’s lives, no matter their marital status, but there is nothing more disheartening that thinking of leaving your loved ones with nothing.

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