Financial Strategies For Life’s Big Transitions Ahead (Ep. 86)
Do you feel prepared to face life’s most challenging transitions? For milestones such as becoming caretakers for your parents as they age, preparing for your retirement from your career and even planning for health concerns for yourself or loved ones, it’s important to have a solid plan in place. While conversations around these issues can be difficult, it’s essential to discuss them openly with your financial advisor as they impact both your everyday cash flow as well as how you will want to strategically manage your investments and customize your financial plan. In this episode of The Green Zone Podcast, co-hosts Jeff Green and Lauren Smith delve into these significant life changes, talking through a few key financial approaches that can help you navigate them with confidence. Together, they discuss:
- The types of transitions many of their Baby Boomer clients are currently facing
- Why it’s important to establish Power of Attorney and clear estate plans
- How to think about planning for long-term care and the associated costs
- Ways to manage the emotional and logistical aspects of estate management and planning for your future
- Strategies for consolidating assets and organizing critical documents
- Recommendations for how to have open and ongoing conversations with family about future responsibilities
- And more!
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