As you get closer to the finish line of life, it’s important to start thinking about your wealth distribution in three different ways.
It is estimated by many sources, that for the last few years approximately 10,000 Baby Boomers are retiring daily in our country. This is expected to continue for at least the next ten years.
Did you know the word “retire” only appears in the entire Bible one time? It is found in the Old Testament in Numbers 8:24-26. This scripture speaks of Levitical priests retiring at the age of 50 from serving in the temple, but it is not in the context we think of today. Instead it is […]
This will be the last and final part on Heritage Planning. Last week we covered the first 6 of the 12 Elements of Preserving Family Wealth. I would invite you to go back and read the first 6 elements if you missed last week. Today I will cover elements 7-12.
Wisdom, Family Values, Money…if you could only leave two of these things to your children, which ones would they be? We’ve all heard of Estate Planning, but how about “Heritage Planning?” Today, and for the next few weeks, I’d like to talk to you about Heritage Planning.
As a member of the Baby Boomers, I can say we have failed in passing on several important life values to the next generation(s) – be content to live within your means, prepare for the future, and pass a blessing on to your offspring. Instead, we fostered the concept of instant gratification. It was not […]