Is Estate Planning Important for Retirement Planning?
Many Americans who save for retirement can leave gaps in their estate planning, like not updating beneficiaries. Your retirement and estate plans should work together. Both prepare you for the future: retirement planning builds your savings, and estate planning protects those savings and ensures they’re distributed according to your wishes. Reviewing your estate plan before you retire may help prevent tax issues for your heirs and helps your assets last through your lifetime and beyond.
