Answer to Question #314947 in Finance for Kelsey Jand

Question

When to Start Retirement and Estate Planning

Watch the module video and try to answer the question " When should a person start retirement and estate planning?" Conduct some research on your own to add to your answer. After watching the video and conducting your own research post your recommendation as your original post to the Module Ten discussion board.

Module Video: https://www.youtube.com/watch?v=xM37cD_YAOk

Answer 1

According to Susan Berkman,it is advisable to start the saving and investing habit as early as possible and keep assessing your goals through out the journey.

It is also good to have a long term insurance i.e. health care option whether self offered or being offered by your employer.

Reduce or eliminate debt. When you are about to retire it is advisable to have minimum or zero depts.

Learn how to see and avoid red flags in investments. There are no smaller windows that gives more investment returns. These are schemes and not genuine investment. Do your homework when it comes to such i.e.FiNRA.ORG

And finally have a certified financial planner to assist you in your investment plan.