"It takes really just a few hours now, rather than a pile of hours and thousands of dollars to do it later when you really need it done," says Chanel Reynolds, who created a website geared to help people get their affairs in order.
The Seattle mother of two launched the bluntly written, one-stop estate planning site after her husband was fatally injured in a biking accident. On top of grief, she faced stress and costs because there was no will or any of the other legal documents needed to handle a loved one's assets.
One very valid point they raised was to make sure your parents have all their documents in order. You can listen to the 5 minute audio, or visit her website, or download the checklist.
Next week's Financial Basics for Baby Boomers is going to discuss annuities.
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I heard the piece as well and it's prompted me to check my arrangements. I've gone over the beneficiaries for my retirement accounts and simplified my will.
OCCUPY ER, <=>
"The needs of the many outweigh the needs of the few, or the one." - Spock Retired Mar 2014 at age 52
Target AA: 70% equity funds / 28% TIAA-Traditional/ 2% cash
Target WR: 0.0%,
Income from pension, rent, and eventually SS
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