{"id":10205,"date":"2025-02-15T00:17:24","date_gmt":"2025-02-15T00:17:24","guid":{"rendered":"https:\/\/finderica.com\/?p=10205"},"modified":"2025-02-15T00:17:24","modified_gmt":"2025-02-15T00:17:24","slug":"the-ultimate-show-of-love-on-valentines-day","status":"publish","type":"post","link":"https:\/\/finderica.com\/?p=10205","title":{"rendered":"The Ultimate Show of Love on Valentine\u2019s Day"},"content":{"rendered":"
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Editor\u2019s Note:<\/strong> Happy Valentine\u2019s Day! On behalf of all of us here at Wealthy Retirement<\/em>, I hope you and your loved ones\u2019 day is full of enjoyment and gratitude.<\/p>\n

To celebrate the occasion, Chief Income Strategist Marc Lichtenfeld is sharing his thoughts on the most meaningful Valentine\u2019s Day gift you can give your partner.<\/p>\n

Director of Trading Anthony Summers will have a new Value Meter column for you tomorrow.<\/p>\n

\u2013 James Ogletree, Managing Editor<\/p>\n

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This Valentine\u2019s Day, forget flowers, candy, or writing a song for your beloved. Nothing is more romantic than cold hard cash.<\/p>\n

I\u2019m not suggesting you slip a fifty into a card with the message \u201cGet yourself something nice.\u201d Rather, I\u2019m urging you to make sure your loved ones know how to access your\/their assets should something happen to you.<\/p>\n

This may sound morbid to think about on a day when we celebrate love. But making sure your family is taken care of is one of the most loving things you can do.<\/p>\n

I\u2019ve heard so many stories of someone passing away unexpectedly and their spouse having no idea how to access their money \u2013 or even how much they have. That can be incredibly stressful for someone who has just lost their partner and is now unsure whether they have enough money to live on.<\/p>\n

Here are three steps to show your partner how much you love them by making sure they will be okay if something happens to you.<\/p>\n

Write a Will<\/strong><\/h2>\n

If you don\u2019t have a will, get one now. Right now. The document will clearly spell out your wishes and detail exactly who gets what so there will (hopefully) be no fighting about it.<\/p>\n

I recommend using a lawyer, but there are also cheap software packages, like Quicken or LegalZoom, that can help you.<\/p>\n

Put Valuables in a Safe Place<\/strong><\/h2>\n

I\u2019ve heard countless stories of people who stashed cash, gold, or other valuables in random places where no one would ever think to look \u2013 like behind the walls or buried in the backyard \u2013 but then they died and no one ever found the stash. So the money they worked hard for and saved was lost forever (or went to a lucky contractor who found it years later).<\/p>\n

If you\u2019re one of those people who want to stow away their cash, take the money out from behind the walls and buy a safe deposit box at a bank or a safe for your house that\u2019s bolted to the floor. Make sure your partner knows how to retrieve the combination for the home safe and is listed as a joint owner of the safe deposit box with a signature on file.<\/p>\n

If they aren\u2019t listed as a joint owner and you pass away, the safe deposit box will be sealed until probate is over, which can take months or even years.<\/p>\n

But if they are on file as a joint owner, they will be able to remove the contents of the safe deposit box after your death.<\/p>\n

User IDs and Passwords<\/strong><\/h2>\n

If you\u2019re the one who handles all of the finances, you presumably do a lot of it online. Your partner and\/or family should know how to log in to your accounts for financial institutions, insurance, utilities, rent\/mortgage, rewards, etc.<\/p>\n

I wouldn\u2019t keep a list of user IDs and passwords in the same document. Rather, I\u2019d split them up by allocating one document to user IDs and another document to passwords.<\/p>\n

Also, don\u2019t name the documents \u201cUser IDs\u201d and \u201cPasswords.\u201d Name them something mundane that a hacker wouldn\u2019t be interested in opening, like \u201cShopping List\u201d and \u201cPacking List.\u201d<\/p>\n

An Unlikely Act of Love<\/strong><\/h2>\n

My young adult kids understandably hate when we mention this stuff to them. But they also know where to find the information they\u2019ll need, and, importantly, who to call for financial help.<\/p>\n

You\u2019ve provided for your family for decades. The ultimate act of love is to continue to do so in their time of grief.<\/p>\n

And if you\u2019re the sole caretaker of your family\u2019s finances and you go to your partner and say, \u201cHoney, I\u2019ve taken these three steps to ensure you\u2019re taken care of if something happens to me,\u201d I guarantee it will work better than wine, chocolate, flowers, and oysters.<\/p>\n<\/p><\/div>\n