Stress-Free Retirement with Estate Planning

If you are a boomer, then retirement is calling out to you. You may be dreaming about more travel, more time with the grandkids, more golf, more time to do the things you like to do.

What we never think about is getting sick, to the point where we can’t travel or play golf. We never focus on how much money it will cost us to hire someone to take care of us when we can’t do it any longer. We never think about who will help us manage our financial affairs if we are too frail to get out to the bank to get some cash or remember to re-balance our investments periodically, or get to the closing if we decide to sell our house. And we never make choices about what medical treatment we want or don’t want when the prognosis is the dragged out twilight of Alzheimer’s disease or small strokes that rob you of the ability to speak about how you would never want your life prolonged under certain conditions.

Some possible endings in life may never happen – for example, you may die young or you may never have a long, drawn-out illness. But you can make your retirement more stress-free by planning for the possibility of bad things happening down the road. Sit down with your family, your lawyer, and maybe your financial advisor and talk to them about how to make various scenarios less difficult. Most of us boomers have had experience with our own parents or have heard stories about our friends’ parents and how the lack of planning made every decision so much more complicated. Research your options, create a plan and get the necessary documents signed. Then go ahead – dream about the grandkids, the golf and the travel. Enjoy the rewards of planning ahead.

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