We experience a much higher quality of life when we are well balanced: physically, mentally,…
With another year drawing to a close, it’s a good time to review important financial documents.
Review your existing Life Insurance Policies
o Can you increase the death benefit and/or decrease the premium?
o Is your policy outdated or at the risk of becoming worthless?
Review your need for Long-Term Care Insurance
o Is your nest egg protected from the high cost of health care?
o Are you familiar with traditional vs. alternative strategies?
Review your Beneficiary Designations
o Are the beneficiaries named in your IRA, 401(k), 403(b), Life Insurance, and other pension and retirement plans current?
Review your Living Trust, Durable Power of Attorney, Health Care Directives, and Will
o Are your successor trustees and beneficiary designations current?
o Are you familiar with the advantages and disadvantages of using a professional trustee?
Gregory Haeseler, CFA®, CFP®, CRPC®