THE SAFE WAY

So you think that you’re safe? Life has a tendency on curing the road when you least expect it. There a few things you need to do in order to keep yourself from harm.
1. Design a Will: at the very minimum you need to have some sort of will in place to protect the family that you leave behind. If you have children you need to appoint a guardian. You also need to outline how you want to spilt up your assets and who you want to do it and also name a co-executor so that you have a backup in case one cannot fulfill their duty. If you have an estate that is $2 million or less then you can write it yourself buy using the off the shelf software like Quickens Will Maker Plus. If you should have more than that and is complicated then you may spend about $1000 on a lawyer. But whatever the cost, you will die with some peace of mind knowing that your family is protected.
2. Buy Some Life Insurance: The simplest is the best. Term insurance gives you the biggest death benefit for your premium. Just decide how long it is for and how much it is for. You should really try to buy life insurance approximately five times your annual salary. Remember, the more children you have, the more debt you will carry and that will give you an idea on how long your family will need help for. Be sure to email me and I can get you some details on the safe and reputable companies there are available.
3. Put Money Away For a Rainy Day; Try to put away at least three to four months of living expenses needed in case you go through a rough patch without having to borrow or take any money out of your retirement savings. As crazy as it seems please keep it at easy access so that you do not have any penalties for using the money, so really the best place to put it is into a money market fund.
I hope this gives you some idea on what to do to walk in the safe way. I have a will and life insurance. My savings is gone so I am going to do just what I told you all to do. After all, it is better to be safe then broke, right? Peace, Margie