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Second Pre-Retirement Goal

November 1st, 2010 at 06:18 pm

Well as I posted yesterday, my friend and I completed our first task. Our next task will be to create a Legacy Drawer. For those of you that follow Dave Ramsey,this is a conecpt where you have all of your important documents in a drawer or location where your family can get to in case anything happens to you. This includes things like creating a financial account log, password log, insurance policies, wills, power of attornies, etc..

I already started on this by creating a financial account log. It's a excel spreadsheet that has all of my accounts, bank addresses, phone #, website, etc.. Just by doing this first exercise, I've realized I have way too many accounts and will look at closing/combining as many as possible.

Once again I think the biggest benefit of this task is to have everything in one centralized location that your family is aware of. We all hope that we will live to see another day but nothing is promised to us, so why not prepare for it! Are all of you prepared? Would your loved ones know where to look or who to contact?

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