Financial Planner 43551

Is Estate Planning Only For Rich People

In Estate Planning, Steward Articles, Tax Planning, Weekly Articlesby Adam Cufr

Last week I had the pleasure of teaching two classes at BGSU at Levis Commons called ‘Your Retirement And Taxes.’ In the classes, we sought to deepen our understanding of how our tax system works as it pertains to investments and income sources, as well as consider some strategies available to a retiree to pay only their fair share of taxes during retirement. While the subject matter may not sound riveting, the effect of having a tax-sensitive retirement withdrawal strategy may make it possible for your money to last many years longer than if you’d simply winged it.

While tax management is an integral part of a successful retirement plan, so are income planninginvestment planninghealthcare planning, and estate planning.  And this brings us to today’s thought: what actually is ‘estate planning’ and have you done it?

Before we get too far, allow me to say that I am not the expert in all things estate planning related. I can make a strong case for why it’s an essential planning area, even for non-rich people (we all have an ‘estate’), but estate planning’s finer points are best left to an estate planning attorney. And it just so happens that we have one nearby who also happens to be hosting a very limited seating estate planning information session.

If you’re wondering if your estate plan is setup properly, or even what estate planning is, I highly recommend that you carve an hour out of your busy schedule to attend. Richard Chamberlain of Chamberlain Law Group does an incredible job breaking down estate planning into its most critical components and helping you understand how you may wish to approach the planning process. And it’s FREE!

So, please consider joining Richard at his office on October 3rd at 6:00 PM. I’ve included more information below this article, and you’re always welcome to email us or contact Richard’s office to RSVP or learn more.

While nobody enjoys paying taxes, there is a meaningful sense of accomplishment when planning your estate, knowing that you’ve taken practical and legal steps to prepare and protect those whom you love for an uncertain future. I can attest to the fact that having your estate plan in order will contribute to your peace of mind and maybe even your ability to sleep well at night.

Please consider attending this informational event.

All the best,
Adam Cufr Signature

Adam Cufr, RICP®


Adam Cufr, RICP® (Retirement Income Certified Professional®) is a financial advisor and founding principal of Fourth Dimension Financial Group, LLC providing personal finance and retirement planning services. Adam is a Columnist for Retirement Advisor Magazine. He is also a sought-after media commentator and thought leader. Adam was named one of The 20 Most Creative People In Insurance in 2015 and is a columnist for Retirement Advisor Magazine and the author of Off the Record – Secrets to Building a Successful Retirement and a Lasting Legacy.

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