Long-term planning involves taking a look at the big picture as you evaluate all of your goals.
Many people would very much like to leave something behind to their loved ones after they pass away after enjoying a comfortable retirement. If you are among them you must recognize the need to develop an intelligent financial framework within which to proceed throughout your life.
Unfortunately, statistics are indicating that a very high percentages of people are simply not prepared for the eventualities of aging.
Most studies to this point have measured preparedness based on the accumulation of resources that individuals have when they reach the typical retirement age. There has however been a new study conducted by analysts who are associated with the National Bureau of Economic Research.
They have measured the amount of money that Americans have left over at the time of their deaths, proceeding from the standpoint that this is a more accurate barometer of preparedness in the long run. The findings are somewhat surprising to many observers. Some 46% of individuals die in possession of less than $10,000 in financial assets.
When you see this figure you invariably recognize how important it is to seize control of your own future early on during your professional career. You must identify your long-term financial goals and take steady, incremental steps over an extended period of time that lead to the achievement of these objectives.
If you would like to discuss proven success strategies with an expert, right now would be a good time to pick up the phone to set up an informative consultation with a seasoned and savvy Oklahoma City financial planning attorney.
Larry Parman
Author, President and Founding Attorney
Parman & Easterday
- Assert Your Choices to Prevent a Guardianship - May 26, 2022
- Will My Family Pay Inheritance Taxes? - May 24, 2022
- Special Needs Planning: Life Enhancements With No Loss of Benefits - May 19, 2022
