I devote a great deal of time to thinking about my financial future. Unfortunately, thinking about it and doing something about it are two different things.
Take the long-term care insurance proposal my financial advisor emailed me more than a month ago—which remains unopened in my inbox.
Now, I’ve worked in the financial services industry for nearly 20 years. I know I need long-term care insurance.
I’ve seen the need for long-term care, up close and personal. It is not pretty or inexpensive. Two of my grandparents spent years in nursing homes. It ate up their savings and my parents had to chip in.
Believe me, after those experiences, my parents got their own policies. Now it’s my turn. But I just can’t find the time.
I hear similar stories from so many women. We can’t find the time to rebalance our 401ks, revisit our IRA contributions, our insurance needs… The list goes on and on.
Yet how many times do we find time for something else—or someone else? It isn’t that I can’t find the time. I am not making the time to take care of my financial needs.
So, I have cleared my calendar on June 9, and am declaring it my “Money Day Off”—and I’m going to finalize that long-term care insurance policy.
Join us! Take a Money Day Off (or even just an hour) with the DailyWorth team on June 9. What money chores will you tackle?
Suzanna de Baca is the vice president of wealth strategies at Ameriprise Financial.