On this Maximum episode, Jessica Majeski, a wealth management advisor at Northwestern Mutual, shares her expertise to discuss important legacy topics. We discussed retirement planning, long-term care planning, and estate planning. Here are three key summary points that you won’t want to miss:
1️⃣ Forgiveness and starting saving again: If you haven’t saved enough for retirement, it’s never too late to start or re-commit to saving. Jessica shares steps to let go of the past and commit to rebuilding your retirement savings.
2️⃣ Chances are you’ll need care: Jessica explains the reality that many of us may need custodial care at some point in our life. Long-term care planning is available to provide the level of care that may be needed. Additionally, she sheds light on the peace of mind it brings to ensure your financial well-being later in life.
3️⃣ Estate planning: Jessica emphasizes the importance of setting up estate planning documents, including advanced directives, living wills, wills, powers of attorney, and more. She shares a client story that highlights the criticality of having a living will in place.
Jessica shares a startling fact from the recent Planning and Progress Study Report from Northwestern Mutual about the discrepancy between the amount that Americans believe they need to have saved for retirement and the average amount actually saved. Spoiler alert, it’s a BIG discrepancy!
🔊 Maybe you already know a lot about these topics. I suggest you listen anyway because chances are you know someone who will benefit greatly from the education Jessica delivers in this Midlife Fulfilled Maximum episode on these three critical financial planning topics for any midlife season.
Share this episode with someone you know.
Read the Northwestern Mutual Planning and Progress Study Report
Follow Jessica Majeski on LinkedIn
Visit Jessica Majeski’s NML Website
This episode is powered by Castmagic
Music attribution:
Scott Holmes Music
Eyes Wide Shut
Old Bossa Twin Musicom
