According to a study conducted by experts associated with the National Bureau of Economic Research a surprising percentage of people pass away with virtually no financial assets left at all. Some 46% of Americans die with less than $10,000 in resources and this is a figure that gets your attention.
This particular study was conducted utilizing the premise that how much (or how little) you have left when you pass away is a better barometer of how prepared you were than measuring the amount of money that you had going in.
This study also found that people who were more comfortable financially enjoyed better health. Clearly, when you have the security that allows you to go forward without a lot of stress and the money that it takes to receive good medical care positive health implications will follow.
The ideal scenario is to have more than ample financial resources to pay your way during your retirement years while having a significant sum of money left to pass along to those that you love.
Many people who will be among this 46% could have enjoyed a different fate if they had planned ahead intelligently when they were younger. If you want to do what it takes to feather your own nest for retirement while you maintain the ability to provide something for your loved ones after you pass away take action right now to arrange for a consultation with a proven central New Jersey financial planning lawyer.
Your attorney will analyze your situation and assist you as you develop a cogent framework that maximizes your financial potential.
The Augulis Law Firm is a member of the American Academy of Estate Planning Attorneys.
Source: http://www.augulislawfirm.com/blog/estate-planning/surprising-percentage-pass-virtually-penniless/
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