November 30, 2017
I’m Miriam Neff-with STARTING OVER FINANCIALLY,-and I’m Valerie Neff Hogan, and we’re here to talk about money
M Details, details. Life changes, children grow up. Sometimes we forget to change important documents with those changes.
V Remember that retirement savings plans, Ira’s Roth IRAs and 401 (k) plans go to the beneficiary noted not the heirs mentioned in the will.
With small children, you should have designated a guardian and a will or a trust with a financial plan for them. Visit those documents regularly to make sure they match life changes, people changes, including marriage and divorce.
M Not only does this mean you direct resources to where you wish, you can avoid fractured relationships among family members by wise choices.