Retirement Plan vs Funeral PLan

Word to the Wise Newsletter

August 2021

RETIREMENT PLAN VERSUS FUNERAL PLAN

Are you taking the right approach to funeral planning?

For most of us, planning for retirement is an ongoing process. We start early in our careers, tweaking and refining as we go. As life events call for it, we modify the plan.

Crucial to any retirement plan is a set of financial estimates for how we plan to get to where we want to be. If we find that we won’t have the money we need to meet our objectives, we modify the plan along the way. This “update as you go” planning strategy for retirement is tried and true.

When it comes to final expense planning, however, the typical approach is to create a detailed plan for how we want our body to be taken care of and what our ceremony should look like. We may include other end-of-life concerns, but then that’s pretty much it. The plan sits in a drawer and gathers dust. On top of that, our end-of-life plans often neglect to consider how we will pay for them.

Instead of using a one-shot approach to funeral planning, why not look at it the same way we do for retirement? Create a plan—including a strategy to pay for it—and update the plan as your needs change. Thinking about end-of-life planning this way is likely a big change, and it may not be easy. Funeralwise can help. Our latest Forums article offers more insight into the topic. It also has links to tools that are designed to help you meet your goals. Why not take a look now?

>>Read The Full Article

WISE PLANNING TIP: ACTIVATING YOUR PLAN

One of the most powerful features of our Wise Planning System Complete Plan is the ability of your Plan Guardians to “activate” your plan when the time comes. If you currently have the Wise Plan Essentials Version and would like to have access to the “activate” feature, an upgrade is available.

Activating the plan turns on features that are helpful when the time comes to make final arrangements.

On activation, helpful tools are added to your plan. These tools include:

  • Post-Funeral Checklist
  • Arrangements Checklist
  • Address Book and Death Notification Messaging Tool
  • Collection of Vital Information

If you aren’t sure which version of the Wise Planning System you have, log in to your plan and click on MY ACCOUNT on the left-hand menu. Your plan type is displayed at the top.

For more information on the Wise Planning System, click here. You can also email us at [email protected]. We are always happy to answer your questions and provide additional information.


FUNERALWISE PROTECTION PLAN

If you are looking for a comprehensive solution to end-of-life planning, we have good news. Funeralwise now offers the Funeralwise Protection Plan. The Plan is designed to help people design their own meaningful funeral and ensure that there are sufficient funds available to pay for it. What better gift to give your loved ones than the peace of mind of knowing that when the time comes, you’ve got it covered.

To see if the Protection Plan is right for you, click on the button below.

CARING FOR CREMATION ASHES

As cremation becomes increasingly more popular, the question of what to do with the ashes often comes up. You have lots of options! Among the most common are:

  • In-ground burial or niche placement
  • Scattering
  • Display in a decorative urn
  • Creation of an art piece or jewelry

To learn more about the many options for handling ashes, read our Forums article.


DON’T HAVE A FUNERAL PLAN YET?
Why not take a few minutes to get started today. TRY THE PLANNER

ALREADY HAVE A FUNERAL PLAN?
Take a few minutes to make sure it’s up-to-date. GO TO YOUR PLAN


Funeralwise.com is the place to go on the web for everything you need to know about funerals. Whether you are planning a funeral or attending one, we will provide you with straightforward answers to your questions and step-by-step instructions to guide you on your way.v