Retirement & Estate Plans

May 19th, 2015
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Yale University
Course: General Education
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Planning & saving for retirement is like investing for your life goals. Retirement time is the ideal time to live for yourself and struggle to achieve all the dreams you have always wanted to.

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Retirement & Estate PlansIntroductionPlanning & saving for retirement is like investing for your life goals. Retirement time is the ideal time to live for yourself and struggle to achieve all the dreams you have always wanted to. Everyone is too busy paying for study loans, taxes, and bills and supporting family members in early times of job and it seems impossible in current globalized modern life to spare some time and budget to do what you once dreamed your life to be. But to fulfill those dreams and life goals, retirement planning is important. Without a planned systematic retirement, financials get short to meet the needs of the person. If planned retirement is carried out, you just know the right places, right timings and right amount of money to spend. Americans should take all necessary steps preparing for their retirement in the form of savings, health insurances, life insurances, social security benefits, governmental funding, and employers provided saving plan and individual savings. Three legged stool of retirement concept as described by President Roosevelt is applicable primarily to solve retirement planning issues. With a little effort to implementing all these benefits to self needs and financial situation, an ideal retirement could be carried out and all life goals could be maintained [American Bar (2014)].Financial condition & life goalsThe financial condition defines the future goals of someone. Im working currently as a Senior Appl

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