What would you do if the banks in your country suddenly closed and the stock market did as well? It’s not an impossible scenario and has happened numerous times throughout history, even in the United States (remember the Great Depression)? Coups, financial meltdowns, software glitches, terrorist attacks, Internet and power outages have all resulted in a sudden inability for people to access their money.

After years of working, saving, and raising families, retirement offers a precious opportunity: the freedom to spend time doing what truly brings you joy. For many women, that includes travel, hobbies, and quality time with loved ones. But how do you strike the right balance between treating yourself and being financially wise?

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The costs associated with caregiving can vary widely depending on the level of care needed and whether it is provided at home or through professional services. According to the Family Caregiver Alliance, caregivers spend an average of $7,000 annually out-of-pocket for caregiving expenses, which can include medical supplies, home modifications, and other essentials. These costs can quickly add up, particularly if you need to reduce your work hours or quit your job to provide care.

A medical proxy is a vital component of healthcare planning. It empowers individuals to maintain control over their medical decisions through a trusted representative, ensuring that their wishes are honored even in circumstances where they cannot communicate. Given its importance, creating a medical proxy should be considered an essential part of preparing for the future, alongside other legal and medical planning tools.