How often do you stay in touch with your financial planning and decisions?
It can be difficult to buckle down and get on top of your finances, but it can also prove extremely fruitful, according to the results found in a new study. The Harris Poll identified a sample of nearly 2,500 people finding that over half of Americans feel very or somewhat anxious about their finances.
For those who identify themselves as disciplined planners or for those who work with a financial advisor, that number drops to 47% and 46%. When it comes to millennials, and Gen Z, over 66% of those respondents said they felt very or somewhat anxious about their finances. Those people who had an advisor or self-identified as disciplined planners reported better sleep and being happier overall. This generational breakdown also identifies differences in how people view the impact of the daily decisions they make financially.
The youngest group of adults in the United States believe that even their smallest daily purchases have an impact on their long term financial security. From daily decisions to big picture planning, you can make things much easier for yourself and your loved ones.
One thing that can have a significant impact on your financial security is your decision to conduct your estate planning. The support of an experienced and knowledgeable estate planning lawyer can help you plan ahead for your own future and fuse your various goals related to retirement and long term care.
Consulting with a dedicated lawyer is strongly recommended even if you have not yet broached the subject of estate planning. Estate planning attorneys can help you consider which questions needs to be answered in this process. Reach out to our office today to set up your own consultation about your estate plan in California.