Day: April 25, 2018

Your Family Letter

Writing a letter to your family is an excellent way to provide key information to your family after your passing while sharing with them a personal message of love and wisdom. Learn how to create your family letter as part of the estate planning process.

Please visit our website at mtulegacy.org for free estate planning tools.  

Email giftplan@mtu.edu to request our new brochure, Your Guide to Effective Giving After Tax Reform.


Did you know you can make a gift to Michigan Tech and receive fixed income for life?

A charitable gift annuity is a giving vehicle that allows you to enjoy tax benefits and an income stream in exchange for your gift of cash or appreciated assets. Learn more about life income gifts or use our gift planning calculator.

Please visit our website at mtulegacy.org for free estate planning tools. 

Email giftplan@mtu.edu to request our new brochure, Your Guide to Effective Giving After Tax Reform.


Health and Wealth: 10 Mistakes to Avoid

Street signs for Health and WealthStart with a plan for your health and wealth by exploring this roadmap provided by Northern Trust and their partner, Pinnacle Health.*

https://wealth.northerntrust.com/roadmap

With many tips on how to make good decisions when it comes to your health and wealth, experts also believe it’s important to point out common and avoidable health care and financial wealth mistakes.

Health Care Missteps
 1. Not having a plan – not preparing for age-related health issues
 2. Not knowing your or your family’s health history
 3. Not having swift access to key medical records
 4. Being passive or withholding questions during doctor visits
 5. Ignoring lifestyle factors proven to affect health, vitality and longevity (e.g., smoking,
     weight, exercise)
 6. Ignoring symptoms, therefore preventing early detection
 7. Allowing a busy professional life to prevent you from vital screenings (e.g., mammograms,
     colonoscopies)
 8. Getting only one opinion in the case of a serious diagnosis
 9. Traveling without medical preparation
10. Being unaware of rapidly changing medical advances

Financial Missteps
 1. Not having a financial plan until a crisis happens
 2. Not having (monitoring) a good credit history
 3. Not having a sufficient cash reserve
 4. Letting someone else “take care of the finances” without your review or awareness
 5. Inadequate, or inappropriate, health, life, disability, property and casualty insurance
 6. Living beyond your means
 7. Chasing the “hottest” investments
 8. Improper beneficiary designations on retirement plans and life insurance
 9. Not updating estate documents as life events occur
10. Not reviewing your income taxes annually

For more information on providing for your family and planning for your future, please visit our website at mtulegacy.org for free tools. 

Northern Trust manages the Michigan Tech Fund endowment and other investments and offers this information as an educational service. This article used with permission from Northern Trust.