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e.Insight

Current Issue | November 16, 2017

Planning Rather Than Procrastinating

By: Kara Talbott, CPA/PFS, CFP®, Family Office Technical Advisor


Mark Twain once said, "Never put off till tomorrow what may be done day after tomorrow just as well."

Perhaps he felt like many of us do. We have the best intentions. We want to be organized and plan ahead, but sometimes we run out of time. Our to-do list is too long and some things that need to be done are hard, maybe really hard, and we find it difficult to get started.

This issue of our e.Insight focuses on planning in advance of reaching the critical age where we have to think about Social Security and have to establish a plan to help our survivors deal with the administrative realities of losing a loved one. These are not topics we want to spend time thinking about or planning for. The process of considering all of the potential alternatives for taking Social Security benefits, the rules and the complexity is cumbersome. Even more challenging is thinking about what our spouse or children may have to take on when we are gone.

However, our focus needs to be on the benefits of planning - the weight of worry that we will alleviate by taking a deep breath, diving in and getting it done. Accomplishing these goals, like any other, is easier when we have guidance, information or even a checklist. We hope that the information in this edition can help you get started planning in advance so that some of life’s key transitions can go smoother for you and your loved ones.