Writing your will is a key component of financial planning

Writing your will is a key component of financial planning

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Contemplating your death may not warrant a spot at the top of your priority list — but writing your will should.

About one-third, or 34%, of people recently surveyed have a will, according to the results of a study from the Center for Retirement Research at Boston College.

Of those who don’t have a will, 44% of respondents said the main reason involves procrastination, according to the results of the survey, which polled 3,047 people aged 25 and up in April 2023.

While setting up your will can be a cumbersome task, it’s important

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I am a Monetary Planning Expert: Here’s Why Anyone Really should Compute Their Web Truly worth

I am a Monetary Planning Expert: Here’s Why Anyone Really should Compute Their Web Truly worth
Mother at home reviews finances on the laptop with baby in her lap.

Viktor Cvetkovic / Getty Illustrations or photos

What is your web worth? In easy conditions, your internet worthy of signifies your overall economic benefit — not just how a lot revenue you have, but how a lot you are value. It offers an at-a-look summary of wherever you at this time stand financially. Your net worth will go up and down about time based mostly on your assets, money owed and money routines.

Understanding your net really worth is a vital initial phase to strengthening your economic scenario. This can be a serious match changer. GOBankingRates spoke with money planning

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Planning to Retire in the Next 3-5 Years? What to Consider Today

Planning to Retire in the Next 3-5 Years? What to Consider Today

It may take decades over the course of a career to save for retirement, but there is a small and defined window of time leading up to one’s golden years that is exceptionally critical when it comes to planning. I often work with my clients three to five years ahead of their anticipated retirement to fine-tune their plan, reviewing everything from financial expectations, probable lifestyle changes or decisions, and often-overlooked non-financial considerations.

Having a map or outline defined in the years before retirement will ultimately provide financial and emotional comfort and stability for the future. Below is a roundup of

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