A few weeks ago, we covered some benefits of Roth IRAs to the estate planning process. We know that many financial planners promote matching IRA savings and lifestyles, making it so that you spend most of your retirement savings during your retirement. It does make sense: You saved for decades so you could enjoy these golden years, so if you have the savings, why wouldn't you travel or enjoy new hobbies?
Should you bring up estate planning during the holidays?
The gut-check reaction is probably, "No, don't dampen the festive mood with talk of depressing matters." Experts, however, often disagree with your gut reaction. They say talking about estate planning doesn't have to be depressing, and the holidays often come with benefits no other time does.
Avoid these four estate-planning mistakes
We've covered estate-planning statistics in previous blogs, so it's probably no surprise to our readers that over half of all adult Americans don't have a will. Common estate-planning misunderstandings are one reason this is the case, and even once you get around to planning, you might make more common errors that can lead to financial loss or extra work and worry in the future.
