Half of the households in Ohio and around the country may struggle during retirement, according to an index developed by Boston College's Center for Retirement Research. Unfortunately, the figures are even more alarming for those who have been through a divorce. Researchers say that this is largely because divorced spouses are no longer able to save money by sharing expenses. In addition, they may be facing important financial decisions for the first time.
After welcoming a new child into the world, your end-of-life preparations are probably the last thing on your mind. More than likely, sleep schedules, diapers and getting to know your new baby will dominate your thoughts. While there is nothing wrong with taking the time to adjust to your newly expanded family, you shouldn't forget about the future. Now is the perfect time to create an estate plan.
Some people in Ohio might wonder whether and how they should include valuable collectibles in an estate plan. This could include art, fine wine, gems, antiques and more.