I am a planner. Planning ahead has always served me well so I simply stick with what works. It makes me feel more secure to go in to any situation having considered all the options. At this point, planning ahead has simply become habit. This goes for little things such as throwing a jacket in my kids’ camp bag in case it should rain to taking all necessary provisions to make sure that they would be taken care of in case something were to happen to us.
So while I am not yet at the age when that first AARP magazine will hit my mailbox, I was eager to be a part of their kitchen cabinet for their “Decide.Create.Share.” initiative on long-term planning. It is geared towards women of all ages to instill the importance of planning for the future.
Long-term planning is not exactly a glamorous topic, but it is an important one. It is also one that women should take on since we live 5 to 10 years longer than men on average. Because of that, we should know how we will spend our years of living in retirement. We also want to ensure that should anything happen to us suddenly, we have everything taken care of for our families.
The 40 Day Pledge
The 40 Day Pledge is a simple, secure, easy-to-use guide that will help you plan for your future in 40 days. This ongoing program will guide you through seven key steps to assess your current living situation, create a long-term care plan and share your plans with your loved ones. When you take the pledge you will have the opportunity to think about your finances, your health, your home and your personal wishes for the future.
Here are just some of the items covered in the 40 Day Pledge:
- determine how much money you need today and the typical rate of increase in investments you would need to cover future costs
- compare your estimated monthly expenses, monthly income, and accumulated savings during retirement
- create a living will, health care power of attorney, financial power of attorney, and a letter of instruction
- let others know where to find your important documents
Have you done any long-term planning yet? How are you taking control of your future? Does the 40 Day Plan sound like the opportunity you need to stop thinking about planning and start doing it?
I would love to hear your thoughts. Like I said, I am a planner. Yet there is very little conversation around long-term planning happening. Let’s make it a less taboo, less scary, and less overwhelming topic by starting the dialogue now.
Disclosure: As mentioned, I am a proud member of the blogger kitchen cabinet for AARP’s Decide.Create.Share. initiative on long-term planning. As such I have been compensated for writing this post.