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 recent loss of a good friend has prompted the question of whether to prepay one's own funeral. It's a reminder to face mortality and the associated costs.
Sometimes it takes a loss like this to make us face our own mortality — and the costs that come with it.
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.
Author's summary: Prepaying funeral expenses can be a smart financial move.