3 Common Retirement Regrets and What You Can Learn From Them
As more and more Americans reach retirement age every day, many often find that their new lives can
lead to some regrets. If you have yet to reach retirement age and are creating your estate plan, there are
several issues associated with retirement you may want to consider as you make your planning choices.
Issue 1: When to start traveling
Many retirees come to find out that they absolutely love traveling to new places and experiencing
different parts of the world. This leads some to have regrets about not traveling enough while they were
younger. If you haven't done much traveling yourself, you may want to take a few trips now to see if
traveling is something you should make a part of your life.
Issue 2: When to start giving
Giving to charity and volunteering your time is not only a rewarding experience, but one you can
participate in your entire life. Giving gifts early is particularly important to many estate planning
issues, especially estate taxes and inheritance planning. If you're planning on giving to charity through
your estate plan, you should take the time to talk to your estate planning lawyer about the kinds of gifts
you can give now.
Issue 3: Where to spend retirement
While some people make plans to move after retirement, many retirees express regret about doing this.
The role that you have in your community and the community's importance to your daily life should
not be understated. If you are an active member of your current community and derive satisfaction
from participating in community events, you should carefully consider your choice of retirement
location before you commit to any final decisions.
Experienced estate planning attorneys Grand Forks ND of the Raymond J. German, LTD. offers estate
planning and business planning resources to residents of Grand Forks ND. To learn more about these
free resources, please visit www.raygerman.com/ today.