Don’t be thinking about your bucket list until you’ve completed your life event checklist. There are so many life events common to most people that effect income needs, such as the birth of a new child or grandchild and their subsequent education.  At the opposite end of the spectrum, preparing for the death of a breadwinner or family member can have a dramatic monetary effect on income needs and estate planning. Future inheritance should be part of the planning process as well, including how the money should be used. A change in marital status can have a huge financial impact whether you’re going from being single to married or experiencing a divorce. When most people receive a raise they haven’t considered what to do with the extra money, or when securing a new job how the income will be distributed to meet their budgetary obligations and savings. Protecting assets and human capital resides in the purview of insurance coverage that should include life, health, disability income, and auto, home and personal property insurance (including specific assets like jewelry, musical equipment and recreational vehicles). The sale of your home or other assets may have tax consequences to be considered, so it’s   Read more…