Retirement and Estate Planning for Broke Individuals
You can help your relatives immensely by setting up an estate plan now, regardless of who you are. Essentially, whatever you own makes up your estate. These assets could be: Any property your ownWhatever money you have in a bank accountStocks, bonds, and mutual funds invested through a taxable brokerage accountA Roth IRAYour prized vinyl, stamp, coin, or art collectionHaving a say in how your estate is distributed is essential to your estate planning. Although it may seem daunting, saving your loved ones thousands of dollars will likely be worth the effort now. In short, you and your family ca...