Investing for retirement is one of the most important steps you can take toward building a secure financial future for you and your family. The sooner you can start, the better. Contributing to a retirement account can help you work toward your goals and may provide tax advantages to boost your progress.
Close to half of respondents earning $80,000 a year or more have a will, an increase of 7% since 2020, according to Caring.com.
When you set up your estate plan it is important to coordinate the legal planning documents that you or you and your attorney create with the document provided by your retirement account custodian and/or your life insurance carrier called a ‘Designation of Beneficiary.’
Estate planning is always a difficult subject to deal with, because who wants to arrange things for when they die?
When you draft your will, you should name an executor.