Retirement Insights for November 2023
News and information for current and future retirees.
Think of all the beauty still left around you and be happy.
Key Estate Documents
What documents are most crucial to your estate strategy? A good place to start is with a will, an advance healthcare directive, and a financial power of attorney. Consider keeping these documents secure and letting other family members know where they are located in case of an emergency.
Your will designates who will receive your assets and property after you die. An advance healthcare directive and financial power of attorney specify medical care preferences and appoint someone to manage your finances if you cannot do so.
When reviewing your estate documents, it's also a good opportunity to review your beneficiary designations. Any of a number of family events–marriage, divorce, new child–may prompt you to update your beneficiaries.
While online resources have made estate documents more accessible and affordable, you might consider working with a legal professional who can provide guidance about what type of estate documents may be appropriate in your situation. Also, consider reviewing your estate strategy every three to five years to help keep the documents in step with your life.1
Read the News Before a New Travel Experience
Are you heading to another part of the country or the world? Check out the local newspaper's website and read what's going on. What you learn will give you a better feel for the place you will soon visit.
Joining a Gym as an Investment in Your Health
Joining a gym can benefit individuals looking to improve their health and well-being. In addition to physical benefits, gyms often relieve stress through activities like yoga and meditation. Many gyms offer discounts and deals throughout the year, saving money in the long run.
To maximize the benefits of regular exercise, set realistic goals. Plan for each workout session while paying attention to proper form and technique. By staying motivated, mixing up routines, and utilizing available resources, regular exercise can become a daily habit that leads to lifelong fitness improvements.
When joining a gym, it is essential to consider factors such as location, amenities, hours, and cost. It is also crucial to know the safety protocols to ensure gym-goers' well-being, such as sanitizing stations and limited occupancy. By committing to invest in your health and choosing the right gym, individuals can enjoy a healthier and more fulfilling life both mentally and physically, now and in the future.2
Did You Know?
Soap doesn't kill bacteria.
In combination, soap, water, and the friction of washing and scrubbing remove bacteria from the surface of your flesh. Bacteria don't die in the process. Instead, it either rinses off with the water or is transferred to a towel or washcloth.3
On the Bright Side
In February of last year, a man named Michael made a huge mistake while donating to a charity on GoFundMe, accidentally donating $15,041 instead of $150 to the fundraiser. He contacted customer support for a refund, which he learned would take 3-7 business days. Meanwhile, the charity organizer saw his donation. The next day, his story went viral on Reddit and Facebook. The charity organizer sent him videos and pictures of people thanking him for donating. Feeling guilty, Michael donated $1,500 once GoFundMe refunded the original donation. The story gained attention, and the charity received over $118,000 in donations. Michael feels proud of the whole story and how the online community covered his mistake.4
The Chandlers have six daughters. Each daughter has a brother. So, what is the minimum number of people in the Chandler family?
The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG, LLC, is not affiliated with the named broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security. Copyright FMG Suite.
1. TheStreet.com, January 31, 2023
2. StrengthSanctuary.com.au, September 5, 2023
3. TodayIFoundOut.com, September 5, 2023
4. NBC’s Today, June 26, 2023