US EditionTerry Savage: Five money things to do this summer
- Financial expert Terry Savage recommends taking advantage of the summer season—traditionally a time for rest and travel—to review your will or, even better, establish a revocable living trust.
- She recommends this because revocable living trusts offer more flexibility without tax implications and cost the same as updating a will.
- Savage also stresses getting healthcare power of attorney for adults, notes credit card debt is at an all-time high, and warns minimum payments may extend debt for 30 years and cost five times the borrowed amount.
- She highlights surveys that show moving early into senior communities improves adjustment, friendships, and facility use, and urges tackling ignored financial tasks as if responding to a medical diagnosis.
- Savage concludes with the need to plan living arrangements five years ahead and calls this summer the perfect time to start essential financial planning projects.
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Terry Savage: Five money things to do this summer
It’ s officially summer— the traditional time to relax and play, vacation and travel. But while everyone else is ignoring the subject of money, this is the perfect time to tackle a financial project that you’ ve been ignoring. You…
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Total News Sources16
Leaning Left1Leaning Right0Center15Last UpdatedBias Distribution94% Center
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- 94% of the sources are Center
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