Estate planning is the part of the financial planning process where you proactively put a plan in place in the event you become incapacitated or die. Cheery stuff, eh!? Anyone who is interested in making sure their wishes for themselves and their loved ones are carried out should do some level of estate planning.
While it can be tempting to cruise into the holiday season enjoying the spoils of another year gone by don’t forget to do one final check of your financial to-do list to make sure that you are getting everything out of 2022 that you can. Here is a quick list of some end-of-the-year planning tips.
Do you wish you had more control over your health care expenses? A Health Savings Account (HSA) might be able to help.
When planning for retirement, most Americans think mainly about using tax-advantaged savings vehicles like 401(k) or individual retirement accounts, while failing to consider the triple tax advantages associated with saving for future health care costs using a health savings account, or HSA.
An unexpected occurrence, such as a death, disability, or other personal loss, is certainly not the type of life event for which you can easily plan and often times it’s a topic that people choose to avoid thinking about altogether. “I’ll deal with this another day” they say to themselves. Yet the financial ramifications of putting it off can be staggering—not only for you, but for your family as well.
Whether you are just starting your career, in your peak earning years, or enjoying retirement, your insurance protection needs may change over time. Life cycle planning helps identify insurance needs that are common to particular stages of life.