An inheritance can be a generous, final gift that you leave to your kids and grandkids, and multigenerational wealth-building can do good that continues down through your family tree long after you’re gone. However, it may change how you’ll need to invest, especially once you retire. Many people will live 20 to 30 years in their retirement. If you want to leave an inheritance for your kids, though, you’d need to invest in such a way that your savings would last 50 to 60 years after you retire. You also may not be able to spend as much in retirement nor invest in investments that are as conservative as you’d like. Leaving an inheritance is a generous act, but you do need to plan for it. I’d be happy to help you make that plan and stick to it. Contact me so we can talk more about it, and also learn more tips for becoming an educated investor on my blog. You’ll find more videos like this one and articles to help you think about your investing now and in retirement.
DISCLOSURE: Investing involves risk and the potential to lose principal.