“Overall, 67% of Americans have not engaged in estate planning. Estate planning is a legal agreement that allows an individual to decide who they choose to be responsible for their assets and healthcare in the event of their demise or incapacity.

In this article, we’ll discuss why estate planning is important and the reasons why most people fail to create an estate plan.”

As individuals near retirement age, ensuring a secure financial future becomes increasingly important. While Social Security may seem like a reliable safety net, it is crucial to understand its limitations and consider alternative retirement plans.

As the cost of living continues to rise and life expectancy increases, relying solely on Social Security benefits may result in financial strain during retirement years.

Moreover, there are concerns regarding the program's long-term sustainability. Demographic shifts and an aging population strain the funds, potentially leading to reduced benefits in the future. It is imperative to take control of your retirement planning now to avoid financial struggles later.