If you are completely honest, there are probably some tasks that you routinely put off. Some, such as cleaning the gutters and washing laundry, are relatively harmless to postpone. However, there are others whose delay can lead to serious consequences. If you have found yourself putting off any of these three tasks, it is time to stop procrastinating and check them off your to-do list.
1. Purchasing Proper Insurance
Insurance provides a safety net in the event of a loss. Depending on the type of policy, that might be damage to your home or car, failing health, or even death. Every family should have the appropriate policies in place to help ensure financial and physical health. Talk to your agent about these important policies, including:
- Life insurance
- Health insurance
- Automobile coverage
- Homeowners or renters insurance
- Short- and long-term disability
2. Creating a Will
Creating a will is often looked at as a dreaded and morbid task. However, it is really a way to ensure that your family is left in the best situation in the event of your death. While you may be able to complete the paperwork on your own, it is generally a good idea to consult an estate planning attorney Louisville KY to ensure you have covered all of your bases. There are numerous legal and tax situations that must be considered when making end-of-life plans.
3. Starting a Retirement Fund
It is never too early to start planning for retirement. According to the Pension Rights Center, only 21 percent of U.S. workers participate in a workplace pension plan. That leaves the vast majority of workers on their own when it comes to funding retirement expenses. Set goals for saving early so you have plenty of time to reach them.
While it may be fine to put off some planning tasks, there are others that should be tackled. Among the most critical of these are purchasing necessary insurance policies and planning for retirement and end-of-life decisions.