I read several personal finance websites/blogs every day, but CNNMoney is my favorite when it comes to future planning.
If you plan on being completely broke the rest of your life and will not be leaving an inheritance for your children's children, then you do not need to read this article.
If you DO plan on leaving an inheritance for your children's children, then you should definitely read THIS ARTICLE.
My thoughts on the article:
- Plans must be flexible and reviewed regularly
- I can't believe that there is a 45% tax rate on inheritance money. It seems that there is definitely a push to prevent people from practicing financial frugality.
- I love giving to charities, and I have included charities in my will. Have you? Or do you even have a will?
- I like the practical steps WITH EXAMPLES that Carolyn offers. I am a practical learner which means I need more than theory.
Thanks, Carolyn Bigdo, for a great article!