“Generational wealth, that’s the key,” said hip-hop artists and entrepreneur Jay-Z in his song Legacy on his new album 4:44. He’s right.
Legacy is a critical concept to smart retirement planning. Wade Pfau, a leading retirement researcher and professor at the American College, a higher education institution for financial planners, calls “legacy” one of four pillars of retirement planning. The other pillars are longevity, lifestyle and liquidity.
I think the concept of legacy is becoming increasingly important to more people because we’re enjoying longer, healthier lives, on average. The prospect of longer lives offers an unprecedented opportunity for older Americans to rethink and re-imagine what they want to accomplish later in life and what kind of legacy they want to leave behind.
Read the Full Article at www.startribune.com >>>>
ATTENTION READERS
We See The World From All Sides and Want YOU To Be Fully InformedIn fact, intentional disinformation is a disgraceful scourge in media today. So to assuage any possible errant incorrect information posted herein, we strongly encourage you to seek corroboration from other non-VT sources before forming an educated opinion.
About VT - Policies & Disclosures - Comment Policy