Retirement is a great time in a person’s life to plan and create their legacy. John Labunski, an expert in retirement planning, has outlined the most important steps that one should take when planning for their legacy. He suggests that you first focus on your financial future and make sure that you have all of your finances taken care of before making any other plans. Secondly, he recommends deciding how much money you want to leave behind as well as what kind of legacy you want to leave behind. Finally, he says it’s important to consider talking with professionals who can help ensure that your legacy will be carried out according to your wishes. By properly planning for retirement and taking these steps before leaving the workforce, individuals can rest assured knowing they are leaving something meaningful behind for their loved ones after they pass away.
Retirement can be a time of
reflection and planning for the future, and John Labunski has some advice on
how to plan your legacy.
Labunski suggests that
individuals in retirement focus on making sure their wealth is distributed
efficiently and according to their wishes. This can be done through estate
planning, which involves properly managing taxes, appointing executors, and
writing wills. Additionally, he recommends setting up trust funds or charitable
foundations if you want assets to go towards a specific cause after your death.
John Labunski
also notes that it’s just as important to consider non-financial considerations
when creating a legacy. He encourages retirees to reflect on what values they
want remembered by future generations, whether it’s family unity or dedication
to education.
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