Posted on 11/12/2024 1:14:04 AM PST by where's_the_Outrage?
As we get older and contemplate the possibility of declining health, many of us worry about becoming a burden on our family members. Among the questions I hear are: Will I have enough money to last? Can I afford the healthcare I’ll need? How can I make it easy for my family to settle my affairs when I’m gone?
But what does it mean to not be a burden? What actions should you take now? After discussing the issue with accountants, estate attorneys and clients, I’ve identified five steps to help reduce the likelihood that you will be a burden on your family as you age:
Step 1: Have a long-term care plan. Understand whether you have the resources to remain financially independent and pay for long-term care if you need it.....
Step 2: Simplify and organize your financial information. Make it easy for your adult children to find your financial information if you have a medical crisis or upon your death. Medical emergencies and death are stressful;......
Step 3: Provide contact information for the professionals you use. This list should include your accountant, financial planner, estate attorney, banker, and insurance agent.
Step 4: Make sure your estate planning documents reflect the law and your family situation. Your will, power of attorney, and health care directive should be current, and your children should know where to find them.......
Step 5: Take the next step. You do not have to complete steps one through four immediately, but do take action.
(Excerpt) Read more at msn.com ...
Last year we contacted an estate planning attorney. As a senior citizen and pensioner I have a minor child (God blessed me) and I needed to get a plan in place just in case something happened to her mom and me. It also did the financial planning to make it easier for my wife.
/humor
Regards,
I get my groceries delivered by Walmart. And I have a laundry service that is very reasonable...that picks up, wash, fold and deliver.
My job is to exercise the car once a week. I do cook all the time and try to keep things picked up.
My kids are all over the country...but every morning we play wordle and NYT Connections.
So far, I'm lucky...and a low maintenance senior.
I do still acquire new things...like my Josh Allen poster. Yes!!
With Trump now having a united Senate and House behind him, it’s a lousy time to die. You want to hang on and enjoy the next four years before shuffling off this mortal coil.
Well, all of my family are gone,
BUT I HAVE worked out a 5-step plan for retirement. I think I’ve got this figured out:
1) Marry a rich single woman
2) Marry a rich single woman
3) Marry a rich single woman
4) Failing that, the Rapture
5) Failing that, World War III
bfl
80, really? You seem pretty spry for 80. Share your secret, please.
You forgot alien abduction.
Oh yeah, thanks!
I’m heading out to Roswell right now!
Maybe Area 51.
p
Bkmk
There must be a candy bar heiress somewhere near you.
I might see you there!
I just hope I can get her to make modest fashion choices...
I’ll be in a TR-3B
It’s my daily driver
HA! Got you beat. I have a ONE-step retirement plan!
1) Drop dead in my home office.
Cost or skin exposure?
Sue Ellen has this terrible habit of wearing undergarments as if they were a top.
It might be the sugar-high from all of the candy bars.
We gotta buy those robot women!
Now if I just had some of that...green stuff...whatever it is
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