Estate Planning. We had a will pre-kids, but we didn’t fully follow through. We needed big changes with our oldest being born, he has special needs. There were many tough decisions about trustees, guardians, and more. We eventually finalized it, but it was torture. That was over 15 years ago.
We started revising it again about 4 years ago, but these same issues came up, and we never finished. We are finally tackling it again, and find that now those answers are coming a lot more easily, so we’re hopeful to finish it off this year.
Newsboy
1 year ago
Consolidating multipleTraditional IRAs/Roth IRAs/old 401(k)s from pat road-stops on my life journey with one custodian and better leveraging index funds instead of multiple actively managed funds contained in my retirement portfolio currently.
Jackie
1 year ago
Figuring out my current expenses and what they will be in retirement (I’m looking at you CORBA followed by market place health insurance.) I’m definitely behind schedule; I just quit and my husband hates his job -so it won’t be long…..
Figuring out where I am going to get cash for number 1.
Last edited 1 year ago by Jackie
Ginger Williams
1 year ago
Organizing an “in event of” file. In the event of a sudden illness, where are my accounts and passwords? What bills are drafted automatically or charged to credit card? Who needs to be contacted? That information is in my files, but it’s organized for my convenience, not the convenience of someone handling matters in an emergency.
Long term care insurance is a topic I want to research and decide if it is right for my wife and me. One other, I have a left over HSA form my employer. The account is not great in terms of fees and investment options. I’ve been meaning to convert to a better plan (likely Fidelity) but haven’t completed it yet.
My LTC plan is divorce, so my husband and daughter retain some assets.
Catherine
2 years ago
I have a few small accounts to close, leftovers from way back… just have had a hard time getting to that task, not urgent, not particularly important, but being rid of them simplifies my financial house. My latest impetus is to use these to pay this fall’s college tuition for my kids.
Jackie, Catherine is paying the college tuition for her “kids” (plural) with those “few small accounts” she’s closing. I found that statement amusing given the price of most colleges and my own definition of “small”.
Creating my letter of last instructions (per Jonathan’s excellent suggestion). Then again, I’m only 41, so I hope to have more time to work on it.
Mike Zaccardi
2 years ago
Putting cash to work in the market and establishing a will. I always think “oh, next weekend I’ll do that” then I don’t for some reason. I’m normally good at knocking out tasks, but these have been challenging recently.
Jim Wasserman
2 years ago
I have a will, living trust, power of attorney, etc., but have not made any funeral arrangements or pre-planned anything. Then again, like Yossarian, I plan to live forever or die in the attempt.
Get a reasonably-priced cremation policy, be careful with the optional extras, while still young, and be done with it – one more thing out of the way, plus you will feel less guilty. Nobody knows for sure when they will draw their last breath, so do it asap.
Jim, having managed my father in law’s funeral, it’s something I’m thinking a lot about for my mother in law and then for me and my wife. There are so many things to process and my belief is that the more that is done, the easier for those left behind.
Estate Planning. We had a will pre-kids, but we didn’t fully follow through. We needed big changes with our oldest being born, he has special needs. There were many tough decisions about trustees, guardians, and more. We eventually finalized it, but it was torture. That was over 15 years ago.
We started revising it again about 4 years ago, but these same issues came up, and we never finished. We are finally tackling it again, and find that now those answers are coming a lot more easily, so we’re hopeful to finish it off this year.
Consolidating multipleTraditional IRAs/Roth IRAs/old 401(k)s from pat road-stops on my life journey with one custodian and better leveraging index funds instead of multiple actively managed funds contained in my retirement portfolio currently.
Organizing an “in event of” file. In the event of a sudden illness, where are my accounts and passwords? What bills are drafted automatically or charged to credit card? Who needs to be contacted? That information is in my files, but it’s organized for my convenience, not the convenience of someone handling matters in an emergency.
Everything that’s been mentioned in the comments!
LOL
Creating a will.
Long term care insurance is a topic I want to research and decide if it is right for my wife and me. One other, I have a left over HSA form my employer. The account is not great in terms of fees and investment options. I’ve been meaning to convert to a better plan (likely Fidelity) but haven’t completed it yet.
Estate and LTC planning
My LTC plan is divorce, so my husband and daughter retain some assets.
I have a few small accounts to close, leftovers from way back… just have had a hard time getting to that task, not urgent, not particularly important, but being rid of them simplifies my financial house. My latest impetus is to use these to pay this fall’s college tuition for my kids.
Small accounts? LOL
I don’t get it…. why the LOL regarding small accounts?
Jackie, Catherine is paying the college tuition for her “kids” (plural) with those “few small accounts” she’s closing. I found that statement amusing given the price of most colleges and my own definition of “small”.
Thanks Chazooo
Creating my letter of last instructions (per Jonathan’s excellent suggestion). Then again, I’m only 41, so I hope to have more time to work on it.
Putting cash to work in the market and establishing a will. I always think “oh, next weekend I’ll do that” then I don’t for some reason. I’m normally good at knocking out tasks, but these have been challenging recently.
I have a will, living trust, power of attorney, etc., but have not made any funeral arrangements or pre-planned anything. Then again, like Yossarian, I plan to live forever or die in the attempt.
Get a reasonably-priced cremation policy, be careful with the optional extras, while still young, and be done with it – one more thing out of the way, plus you will feel less guilty. Nobody knows for sure when they will draw their last breath, so do it asap.
Jim, having managed my father in law’s funeral, it’s something I’m thinking a lot about for my mother in law and then for me and my wife. There are so many things to process and my belief is that the more that is done, the easier for those left behind.