It may seem overwhelming to create a financial plan, but if you take the time now to prepare yourself, you will be able to enjoy more of what you love to do in the future. As you start to transition into your next career phase or retirement, you will probably want to minimize your financial risks.
But even when you do your best to save responsibly and get your financial ducks in a row, life can throw curve balls. The good news is that a sound financial plan can help you deal with whatever roadblocks you hit. Here's a checklist:
1 Trent Hamm, "A Step-By-Step Guide to Building a Big, Healthy Emergency Fund, " The Simple Dollar, October 2017. https://www.thesimpledollar.com/a-step-by-step-guide-to-building-a-big-healthy-emergency-fund/
2 Mark Hendricks, "Health care is an even bigger part of retirement planning," CNBC, October 2017. https://www.cnbc.com/2017/10/06/health-care-is-an-even-bigger-part-of-retirement-planning.html
3 James Clear, "Core Values," JamesClear.com. https://jamesclear.com/core-values
4 Maryalene LaPonsie, "Do You Need Renters Insurance?" US News, June 2017. https://money.usnews.com/money/personal-finance/family-finance/articles/2017-06-22/do-you-need-renters-insurance
5 Julie Garber, "Top 5 Reasons Why You Need an Estate Plan," The Balance, May 2018. https://www.thebalance.com/top-reasons-why-you-need-an-estate-plan-3505444
6 Ruth Sarreal, "Can My Spouse Access My Savings Account Without Permission?" GOBankingRates, October 2017. https://www.gobankingrates.com/banking/can-spouse-access-savings-account-permission/
This article is provided for general informational purpose only and should not be construed as advice or solicitation of any specific products or services. Please consult qualified tax, legal and financial professional before taking any action.