Sarah Michaelson wrote over at Business Insider, “I remember putting money into a 401(k) in my 20s, and retirement was an abstraction: a far-away land that I would reach in another lifetime.”

We see a lot of it among younger workers; the word retirement isn’t in the vocabulary, or if it is, it’s an abstract notion of someday. And long-term investments may not be in the forefront of their financial decisions. And one of these is protection of yourself and those you love, especially as you transition into a family.

As Michael writes: “Think you’re too young? Think this doesn’t matter? Consider this: Everybody has a “default” estate plan at birth, defined by your state’s laws….It is worth the awkwardness to think this through and plan.”

There’s a lot of long-term planning many in their 20s and 30s look to do: 401(k), saving for a house, a wedding, planning for a new child, etc. It’s an exciting time in life, which many new transitions!

But as you enjoy planning what’s to come, don’t neglect to protect what you already have – or see what strategies you can use moving forward to best protect what’s yours. We want the best for you and your family, and are happy to offer the advice you need!