Financial planning often revolves around family-centric goals such as funding a child’s education, safeguarding dependents, and ensuring a smooth transfer of wealth to the next generation. However, for individuals and couples who do not have children, whether by intention or circumstance, these conventional priorities may hold less relevance, calling for a more personalized and purpose-driven approach to managing wealth.
This paper explores the importance of financial planning for those without children, focusing on five key areas: retirement planning, estate planning, preparing for healthcare and long-term care, life and disability insurance, and charitable/legacy planning.