As someone who is single, I worry about who will take care
of me as I age. Or worse, what if something happens, and I can’t take
care of myself now?! I never want to be a burden to someone else, nor do
I want to cost someone else their future, because of my lack of
preparation. So, when I came across the Single But Not Alone article in
Kiplinger’s July issue, I felt this huge weight lifted from my shoulders.
Because, I now have some specific steps to take in order to successfully prepare
for my future.
There are a number of things in the article I think I’m too
young to be worrying about just yet, but there were a couple that I feel I
could start doing today.
For one, I need to start putting more money into savings. Like most, I thought as long as I had at
least three to six months in savings for an emergency, I was ok. But, as a single, unexpected emergencies will
impact me more than my married friends.
And, therefore, I’m going to be aiming to have nine to 12 months of
savings.
Something else that I’m working on, is looking for an estate
planner, and finally getting myself a will.
Without a husband or children, the state can actually decide who gets
what, and will take a good portion of my estate for itself. Take a look at this Forbes article, as well
as this article from the New York times.
They’re really eye opening!
I know that thinking about death and long-term care is never
pleasant, but it’s necessary. We all need to plan for the future, so that
whatever life throws at us, we are as prepared as possible. Plus, it will be one less thing to worry
about. ;)
Comments
Post a Comment