Plant Services - August 2007 - (Page 54) WEB HUNTER can’t take it with you. And, you never know when. That single transfer of enormous wealth (relative to the rest of the world) you’re ultimately going to make in the future runs the risk of incurring the rabid interest of the good folks at the Internal Revenue Service. That’s one bulldog you’re not going to shake too easily. So, you might as well start properly arranging things. Only your effective estate planning can protect your worthy heirs from a fiscal onslaught from that most rapacious branch of government. The topic is a bit too complex for a capsule summary here. You’re going to need to see it for yourself at http://money.cnn.com, where you click on “Money 101” that appears in the drop-down menu under “Personal Finance” near the top center of the page. Then, zero in on lesson 21, Estate Planning, a multipart article that strengthens your vault. While you’re on the site, check out the rest of the retirement section that you can access through the pull-down menu under “Personal Finance” near the top of the home page. I’m not even going to try to highlight the interesting material here. There’s too much to discuss and you’re better off exploring on your own. quires a dwindling asset – time. So, you’d better start building that nest egg sooner, rather than later; younger, rather than older. Speaking of older, consider checking out the financial wisdom coming from the quintessential advocate for seniors, the American Association of Retired Persons (AARP). Knowing the target allows you to back-calculate your own situation to determine what assets you need to have in place. If that sounds appealing, wheel your decrepit mouse over to www.aarp.org/money/financial_planning to learn what AARP advises about building a plan, checking accounts, budgeting and recordkeeping, saving money, insurance issues, investing, retirement planning and identifying who can help you. Assum- Not just for geezers If you hang around long enough in this society, you learn two things – life is not a dress rehearsal and whatever you’ve saved for retirement isn’t going to be enough. Maximizing your returns from compound interest re- 54 www.PLANTSERVICES.com August 2007 http://www.aarp.org/money/financial_planning http://www.aarp.org/money/financial_planning http://money.cnn.com http://www.PdMA.com http://www.PdMA.com http://www.PLANTSERVICES.com
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