If you're over 50 years old and have a family, this is what should absolutely already be checked off on your financial checklist

"By the time you turn 50, you should already be well into planning for retirement. The hope is that you have already been contributing to a 401K with employer matching or a pension account."

"Having a comprehensive estate plan should be automatic before turning 50, including a will, a trust for your spouse and children, and a living will for healthcare directives."

Read at 24/7 Wall St.