Prepaying Your Own Funeral: Is It Worth It?
Considering prepaying your own funeral in your 50s raises questions about its value. Financial experts weigh in on this decision.
A personal loss can prompt thoughts about one's own mortality and the associated costs. Planning for life's milestones, such as buying a house, sending kids to college, and retirement, is common. However, planning for what happens after one's passing is equally important.
Sometimes it takes a loss like this to make us face our own mortality — and the costs that come with it.
To make informed decisions, it's essential to consider expert advice on investing, taxes, retirement, and personal finance.
Author's summary: Prepaying a funeral can be a smart financial move.