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    Home»Retirement planning»Will I be fine in retirement? Focus on 5 key areas
    Retirement planning

    Will I be fine in retirement? Focus on 5 key areas

    January 21, 20233 Mins Read
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    5. Develop an estate plan.

    Everyone needs one real estate project, whether you have a lot of assets or not. An estate plan controls what happens if you become disabled or die.

    If your disability is long-term—and you don’t have an estate plan or have a poorly designed estate plan—the person you appoint to look after your money can only use your money for you. So if it’s your spouse, he can’t use your money for himself, your kids, or anything else. If they do, they can be removed and replaced by a lawyer. Your family would pay large unnecessary legal fees.

    If you don’t have an estate plan or it’s poorly designed, your money can end up in the wrong hands. For example, if your child divorces, half of the money you left him and your grandchildren will most likely go to his ex-spouse. Or, if your child is responsible for a serious car accident and is sued, all your money could go to the victim’s family.

    These dire situations, and many more, can be avoided with a well-designed and implemented estate plan.

    If you tackle each of the above areas before you retire, you’ve done all you can to ensure that you will be well for the rest of your life. Seek advice from a qualified person finance professional and the estate attorney is a great place to start.

    It’s up to you to live a happy retirement forever©!

    —

    The appearances in Kiplinger were obtained through a public relations program. The columnist received help from a public relations firm to prepare this article for submission to Kiplinger.com. Kiplinger was not compensated in any way.

    Investment advice is provided by APO Financial Services, LLC (“APO”) 10155 Westmoor Drive, Suite 175, Westminster, Colorado 80021-262 (opens in a new tab), a registered investment adviser with the Securities and Exchange Commission. Registration with the SEC should not be construed to imply that the SEC has endorsed or approved the qualifications or services offered or that its personnel possess any particular level of skill, expertise or training. Important information and disclosures related to APO are available at https://apofinancial.com (opens in a new tab). Additional information regarding APO’s registration status, business operations, services, and fees, and its current written statement are available on the SEC’s public investment adviser website at https://www.adviserinfo.sec.gov (opens in a new tab).

    This article was written by and presents the views of our contributing advisor, not Kiplinger’s editorial staff. You can check advisor records with the SECOND (opens in a new tab) or with FINRA (opens in a new tab).

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