Will:

A will is a written and legally enforceable document expressing how a persons

property should be distributed on his or her death.
The importance of writing a will cannot be over-emphasized but the irony is that
70% of Americans do not write wills and the number increases when we take other
countries into consideration. Families that have suffered due to the absence of a will
after a death in the house knows the true importance of will. People not only face
financial fights within the family but also relationships break if there is Intestacy.
Intestacy: It is the situation when a person dies without a valid will.
For me, writing a will is very important because I consider this as an important
financial obligation towards my dear ones. On top of this, writing a will is a religious
obligation as stipulated in my religion. A person is considered to have done a grave
injustice if he/she dies without a valid will recognized by at least two witnesses. So I
take this issue very seriously.

Retirement:
The number one indicator of people retiring wealthy and having good amount of
money in their 401Ks is the savings rate. It was shocking to me when I heard this for
the first time. I used to think it can be the return on investments or something else.
But this indicator is not only works every time but also is the oldest of all techniques
that are present today. A survey found out that a staggering 74% of wealthy retirees
have a good retirement account. It does not matter if we act as a math nerd or
focus on the philosophy of financial planning if we do not save money.