According to a 2015 survey from Rocket Lawyer, 64 percent of Americans don’t have a will.1 A will is often the most basic step in developing an estate plan as it provides guidance and instruction on which assets should flow to which heirs after your death.
A will is a valuable tool, but it can’t do everything. Even if you have a will, you may still have needs and goals that aren’t sufficiently addressed by your current plan. You may want to consider a trust.
Are you one of the millions of Americans hoping to retire early? Many people not only want to retire—they want to do so while they’re still young enough to be active and to enjoy some of their biggest goals in life. With focus, discipline and detailed planning, you can make it happen.
Even if you don’t plan on retiring early, it still makes sense to consider the possibility. Many retirees are forced to retire earlier than they would like because of medical issues or job loss. If this happens to you, a contingency plan could help you better manage the situation.
It’s difficult enough to accumulate assets to fund a normal retirement, but it’s even harder to save when you retire early. An early retirement means fewer years to save and more years of spending that have to be funded with your own assets.
Here at MasterPlan Retirement Consultants, we strive to keep you up-to-date with informative articles. Read on for more details of the latest and greatest news.