Whether you are a baby boomer who started saving for retirement early or someone who keeps pushing out your retirement date and is still saving for the future (like me!), you need an estate plan.
Most folks born between 1946 and 1964 are among the first generation -- the baby boomers -- facing retirement without the safety net of a defined pension plan. If you waited too long to contribute to an IRA or 401(k) plan you may have already postponed your retirement past the old traditional age of 65. And you may be using your savings to assist ailing parents and children with ever growing tuition costs.
All Americans face challenges as they craft plans for a secure retirement but boomers have to be extra creative in their planning and execution if they don’t want a huge compromise to their lifestyle.
Sound familiar? You may want to take a closer look at what could happen if you became disabled or died without an estate plan in place. Would the person who steps in to help be the one you would have chosen? Would he or she have immediate access to your assets to take proper care of you and your affairs? Would funds be available to let you live in dignity for the rest of your life?
Our generation is known for being optimistic and resilient. It is never too late to draft a comprehensive estate and retirement plan that provides the security and peace of mind to meet the challenges of this century head on.
If you live in Michigan and need experienced estate planning help, contact Michael Einheuser for a free consultation. Michael helps families in Bingham Farms, Troy, Farmington Hills, Rochester Hills, Southfield, West Bloomfield Township, Bloomfield Township, and the surrounding Michigan areas.
Schedule your Free Consultation today: (248) 398-4665.