Avoidable Estate Planning Mistakes

Call me biased, but I think every functioning adult should have an estate plan. However, just throwing together an estate plan without thinking it through can result in more problems than solutions. Below is a blog I wrote about some of the most common estate planning mistakes that far too many people make (and can be avoided):

Big Estate Planning Mistakes Many People Make (But Can Easily Be Avoided)

The moral of the story? Take the time to sit down with an estate planning attorney to properly draft your estate plan.

Gen X Needs to Step Up When It Comes to Financial Planning

A recent study by the Insured Reitrement Institute found that over 75 percent of individuals categorized as “Generation X” (i.e. people with birth dates from the early 1960s to the early 1980s) do not consult with a financial advisor to help plan for retirement. Furthermore, 65 percent of people in Generation X who make $75,000 or more in income, do not have a financial advisor.

These are disturbing numbers, especially since we have data indicating the benefits of working with a financial advisor. The study found that, for Gen Xers working with a financial advisor, 23% had $200,000 or more saved for retirement, compared with 12% among those not working with a financial advisor.

To learn more, check out my full article on this issue here:
http://insightlaw.net/bobbys-blog/generation-x-missing-the-financial-boat-by-not-working-with-an-advisor