Financial Planning Shouldn’t Stop at Retirement

Most of us understand we need to give careful consideration to planning, saving and preparing for the future.  This typically includes planning for the purchase of our first house, saving for the education of our children, mapping out our careers, our retirement, and even our eventual death. However, I’ve seen too many consumers get to retirement, breathe a sigh of relief and then put their lives on auto-pilot, thinking they’ve handled all the big decisions.  The reality is that many times the decisions which will be faced in the years between retirement  and death can be some of the most overwhelming, impactful and costly decisions of our lives. When these things are left to chance, or are assumed it won’t happen to us, we effectively take ourselves out of the driver’s seat and hand over the controls to someone else.  If you’ve spent the first 50 or 60 years of your life trying to plan and prepare for what’s ahead, why would you leave the rest of your life to chance? When you first had children, you likely began saving Read on! →