Estate planning is important for financial planning but not for retirement planning.

Question

Quizplus · Accepted Answer

Estate planning is important for both financial planning and retirement planning. It allows individuals to manage and distribute their assets according to their wishes, regardless of their current stage in life. This includes creating a will, setting up trusts, and planning for potential tax implications. Retirement planning, on the other hand, focuses on building savings and investments to support one's post-work life. While the two are distinct, they are interconnected and often rely on each other for success.

Estate Planning Is Important for Financial Planning but Not for Retirement