7 Essential Money Moves to Make Before You Die

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Hey there, adventurers! Life is an incredible journey, and along the way, there are certain must-dos that can ensure you’re making the most of it. Whether you’re a thrill-seeker or a cozy home lover, some essentials should be on everyone’s bucket list.

From securing your loved ones’ future to getting your finances in top shape, we’ve rounded up several must-do things to ensure you’re living your best life and leaving a lasting legacy.

1. Leave your family $2 million richer

There’s nothing you wouldn’t do for your family, right? Well, if something happens to you, who’s going to pay the mortgage or college bills? This is why life insurance is so important.

Not everybody needs insurance. If your kids are grown and you have a nice, fat bank account, there’s really no need. But if your family would have a hard time getting along without you, life insurance is definitely something you should look into. Just don’t pay too much for it by buying the wrong kind, or buying from a commissioned salesperson.

Shopping for life insurance used to be a long, complicated process. Now? Not so much. For example, Ethos is a company that lets you apply online in minutes without getting off the couch. There are no medical exams, no blood tests. You can get term life insurance ranging from $20,000 to $2 million. And it may cost as little as $7 a month: less than you might be spending now on coffee.

Simply answer a few online health questions and get a personalized quote in less than five minutes. This could be the most important thing you ever do for the people you love.

And Ethos is rock-solid: They’ve protected more than 100,000 families and provided more than $46 billion in coverage. So why not check it out? Click here right now for a quick, free quote from Ethos.

2. Get a second set of expert eyes

Prepare for the future and protect your family’s financial well-being. A comprehensive financial plan will ensure your loved ones are taken care of, even after you’re gone.

To properly manage your money, work with a professional — it’s totally worth it. If you’re not doing this, you could be missing out on some serious financial gains.

A Vanguard study found that, on average, a hypothetical $500,000 investment over 25 years would grow to $1.7 million if you manage it yourself, but more than $3.4 million if you work with a financial advisor. That’s twice as much!

If you’ve got at least $100,000 in investments, check out a free service called SmartAsset. You fill out a short questionnaire and instantly get matched with up to three vetted financial advisors in your area, all legally bound to work in your best interests.

Even if you don’t want help picking investments, an advisor can help lower your tax burden, create a comprehensive financial plan for you, maximize your Social Security, and serve as a second pair of eyes to make sure you’re on the right track. They can also be there for your family in case one day you’re not.

Using SmartAsset only takes a few minutes, and in many cases you’ll be offered a free consultation.

Please carefully review the methodologies employed in the Vanguard white paper, “Putting a value on your value: Quantifying Vanguard Advisor’s Alpha.”

3. Have this company pay off your credit card debt

Don’t let your debts become a burden for your family. Take control of your finances and secure your family’s future. If you’ve got a problem, the sooner you deal with it, the better.

National Debt Relief is your partner in achieving financial freedom. With a proven track record of helping over 500,000 people, they are a trusted leader in debt relief. By settling your debts, they provide security for your loved ones. Their A+ rating from the Better Business Bureau and top ratings from leading consumer reviews reflect their commitment to excellence.

You simply fill out a form on the company website, then a debt coach will call you to learn more about your situation. If they can help you, they’ll set you up with an affordable plan that works for you — and give you an estimate of when you can expect to be debt-free. There’s no upfront fee and no obligation to get started.

National Debt Relief can help you with almost any unsecured debt, like credit cards, personal loans, medical bills, repossessions … even some student loan debt. Ready to start a new, happier chapter of your life?

4. Protect your home from costly surprises

Protect your home and provide peace of mind for your family. A home warranty covers the repair or replacement of important home systems and appliances, ensuring that your loved ones won’t face unexpected expenses after you’re gone.

Home repairs aren’t cheap. Whether it’s a leaky roof or a broken appliance, your castle can quickly crumble and cost your family hundreds, or even thousands after you pass.

Unless, that is, a home warranty company has your back. Example? First American will protect your family from giant bills by covering everything from home appliances to electrical, plumbing, heating and cooling systems — even pools and spa equipment.

They also allow you to customize your plan, so you only pay for what you need.

When something goes wrong, just call First American, day or night. The company has a network of prescreened technicians and typically dispatches an independent contractor within 48 hours.

Hey, if your family is handy and likes to repair stuff themselves, that’s obviously the cheapest route. But if they’re not, a penny spent now could save you big bucks later.

Get your free quote in 30 seconds.

5. Don’t pay to fix your car

Ensure your family’s peace of mind by protecting your car with an extended warranty. This will help cover the cost of unexpected repairs, providing financial security for your loved ones.

The cost of car repairs is skyrocketing. One shop told Consumer Reports that a decade ago, their average repair was $1,600. These days, the average bill is $4,000.

Typically, a vehicle manufacturer warranty lasts three years. Yet the average car is around 12 years old. If you’re concerned about your family’s ability to cover thousands of dollars for a repair bill, protect your investment with Endurance Warranty Services.

The company provides extended warranty plans of up to 36 months. Choose from at least six different plans, to get only the coverage you actually need, for cars up to 20 years old.

All their warranties include 24/7 roadside assistance plus rental car benefits while your vehicle is being repaired. For the first year, you’ll get the Elite Benefits program for free; this includes complete tire coverage, key fob replacement, a collision discount and a $1,000 payment if your car is determined to be a total loss.

Endurance has a network of thousands of ASE-certified repair shops. More important: Endurance pays the repair bill upfront. All you need to cover is the deductible.

ConsumerAffairs calls Endurance “a solid choice” for drivers of any age, and “particularly appealing” for those with older vehicles.

6. Instead of paying your mortgage, get paid

A reverse mortgage can provide additional income for seniors, helping them cover expenses and enjoy a more comfortable retirement. It’s an option to consider as part of your financial planning for the future.

You’ve spent years maintaining and building equity in your home. Now it’s time for your home to pay you back.

A reverse mortgage is simply a loan that lets homeowners 62 and older convert their home equity into cash, but without selling the home. Take the money however you’d like: monthly, lump sum or line of credit. And use it however you’d like: home repairs, bills, traveling or simply living a better life.

Your home remains yours. You hold the title until you die or choose to move elsewhere, provided you maintain the home. When you leave the house, the loan is repaid.

A reverse mortgage can make a huge difference in your family’s quality of life. But they’re not for everyone, so it’s important to get more information. Also important: not all lenders are equal. Be careful who you deal with.

One lender that’s highly rated and happy to answer questions is Premier Reverse Mortgage. Premier Reverse Mortgages carries three types of reverse mortgage products: FHA HECMs, HECMs for purchase, and proprietary reverse mortgages. They’ve also earned a A+ rating with the Better Business Bureau.

If you’re 62 or over and have equity in your home, it’s time to at least see what your options are.

7. Don’t make it harder on your loved ones

When you’re gone, your problems will be over. But the problems for the ones you leave behind will just be beginning.

Show your loved ones you care by creating a will, a trust or both. It doesn’t take much time and doesn’t cost much money. But it will save a ton of both for your family.

A will is a simple legal document that outlines how you want your assets to be distributed, and you can have one in minutes for $159.

A trust allows you to place conditions on how and when your assets are distributed to your beneficiaries. You can get one of these created for as little as $599.

An hour or two preparing these documents means providing for your family, minimizing potential conflicts, and potentially reducing estate taxes. Do yourself and your family a favor and at least check it out right now.

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