Building an Estate Plan Without Retiring
May 3, 2012 By German Law Group
A good estate plan is one that takes into consideration all of your major life events, including a planned retirement and the money you'll need once you stop working. However, whether you have already retired or have yet to, you may wish to reconsider your decision to stop working. For many people, choosing not to retire is one of the best decisions they make. Here are several reasons why it may be right for you.
Reason 1: You enjoy passing on your knowledge.
For professionals and those who have acquired a lifetime of knowledge and experience about a specific job, retirement can often mean that you spend much of your time helping those in need. By participating in a mentor program, teaching, or helping others through community assistance organizations, many people spend their retirement giving back what they learned over their lifetimes.
Reason 2: You enjoy the perks of being employed.
Whether it's the annual holiday party, occasional business trips, memberships to a gym or club or any other associated perks, employment often offers you the chance to participate in activities that you really enjoy. Even if you don't want to work full-time, you may be able to find part-time employment that still offers many of the same perks.
Reason 3: You like who you are when you are working.
For many, work is who they are. Your sense of identity, autonomy, and meaning may all be based in large part from your working life. If this is true, you should definitely plan to maintain at least some kind of employment while you are retired.
ABOUT THE AUTHOR: Raymond German
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.
Copyright German Law Group
More information about German Law Group
Disclaimer: While every effort has been made to ensure the accuracy of this publication, it is not intended to provide legal advice as individual situations will differ and should be discussed with an expert and/or lawyer. For specific technical or legal advice on the information provided and related topics, please contact the author.
For professionals and those who have acquired a lifetime of knowledge and experience about a specific job, retirement can often mean that you spend much of your time helping those in need. By participating in a mentor program, teaching, or helping others through community assistance organizations, many people spend their retirement giving back what they learned over their lifetimes.
Reason 2: You enjoy the perks of being employed.
Whether it's the annual holiday party, occasional business trips, memberships to a gym or club or any other associated perks, employment often offers you the chance to participate in activities that you really enjoy. Even if you don't want to work full-time, you may be able to find part-time employment that still offers many of the same perks.
Reason 3: You like who you are when you are working.
For many, work is who they are. Your sense of identity, autonomy, and meaning may all be based in large part from your working life. If this is true, you should definitely plan to maintain at least some kind of employment while you are retired.
ABOUT THE AUTHOR: Raymond German
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.
Copyright German Law Group
More information about German Law Group
View all articles published by German Law Group
Disclaimer: While every effort has been made to ensure the accuracy of this publication, it is not intended to provide legal advice as individual situations will differ and should be discussed with an expert and/or lawyer. For specific technical or legal advice on the information provided and related topics, please contact the author.
