Hello Everyone,

Many people mistakenly think that having a will means they have an estate plan in place. Nothing could be further from the truth. It's only one piece of what needs to be done to ensure that your affairs are managed properly according to your wishes both during and after your life.

This month, we focus on another important aspect of estate planning, Advance Care Planning - how you want your healthcare managed when you're incapable of expressing it yourself. For instance, you can designate someone you trust to make those decisions for you through a Representation Agreement and/or draft a Health Care Directive that instructs healthcare providers to adhere to your wishes. In the Design Legacy section of this Successful Retirement Solution newsletter, we present a valuable website on Advance Care Planning which will explain the whole process.

When you retire, you switch from wealth accumulation to wealth 'decumulation'. However, taking money out of various assets efficiently is not a simple proposition. For the Preserve Wealth section, we have an article highlighting common mistakes you should avoid which will lengthen the value of your assets further into your later years.

Did you know that dancing can counter-act the deterioration of your aging brain? In our Healthy Aging Strategies, we have an article with an interesting and scientific look at the healing power of dance.
 

                                     LIVING IN FAITH

Chad