Image via Rawpixel


3 Fundamental Life Planning Strategies for the Novice

You may have heard before that it’s never too early to begin life planning. In many ways, this is true. The sooner you start preparing a plan for your life, the more likely it is that you’ll achieve your goals and position yourself and your family to thrive in the future. If this whole idea is new to you, don’t fret. Total Benefit Solutions is here to help you with these simple life planning tips.



Get Insurance

Insurance can provide much-needed security for you and your loved ones. Health insurance is essential for getting the care you need and avoiding crippling medical bills. If you’re having trouble finding the right plans, reach out to Total Benefit Solutions. We offer many different plans—from individual health to group health to senior solutions — and your account manager will make every part of the process as simple as possible for you.

It’s also worth planning for life insurance and long-term insurance while you’re younger. Life insurance can help protect your loved ones from financial disaster in the event that you pass away unexpectedly. Long-term care insurance can provide you with care for an extended period of time in the event that you suffer a severe disability, injury, illness, or medical event. It’s most often used by seniors who need assistance with daily living. However, premiums are much less expensive when you buy life insurance before your mid-60s.


Think of Retirement

 You may not be nearing retirement, but the earlier you begin investing in your retirement, the better off you will be when it approaches. Maintain control of your debt, and start building an emergency fund. If applicable, contribute to a 401(k) at your job. And look into other retirement funds, such as an IRA and Roth IRA, that can help you build your finances.

Another way to grow your wealth is to invest in real estate. This type of investment is accessible, versatile, and can provide a consistent source of passive income. Just make sure you know what you’re getting into before diving headfirst into real estate investment; buying a property can be expensive, and being a landlord isn’t for everyone.


Set Overarching Goals

Saving money is a big part of life planning, and you can’t really know how to save unless you know what you’re saving for. Take some time to roughly map out your future. What do you want to happen in a year, five years, and 10 years? What do you want to be doing for a career, where do you want to live, and how much money will you need to achieve your goals? Then, formulate a plan, start saving, and learn how to be consistent with your budget.

Today is the day to begin planning your life. Start looking into the various types of insurance, preparing for retirement, and coming up with an outline of how you want your life to go from here on out. It will pay off when you and your loved ones are taken care of down the road.

Are you having a difficult time obtaining the insurance you need for yourself, your family, or your employees? Contact Total Benefit Solutions today to speak with one of our dedicated professionals! (215) 355-2121