How many generations back can you trace your roots? Albeit everyone would be able to go pretty far back if a valuable inheritance was part of the scenario because when an ancestor is successful at passing forward wealth THEY ARE ALWAYS REMEMEBERED.
Planning is Key.
The sage of Omaha (Warren Buffett) once mentioned that the “Chains of habit are too light to be felt until they are too heavy to be broken.” Too often grandparents believe it too costly to make a substantial difference far beyond their individual/physical demise. Well surprisingly, there are easy ways to leave a legacy for loved ones.
What Options are Available?
Baby-boomers are well positioned to be the real heroes of our era considering they currently control nearly 70% of disposable income in the US and 10k more each day are turning 65 years old. So, there are ample opportunities to pass-on knowledge, values and financial “head-starts”.
Practical retirement tools like life insurance, income annuities and long-term care insurance can help to leave a financial legacy as well as protect retirement assets plus ensure a lifetime of monthly income today for you.
About the Author
Our Solomon Financial & Insurance Services is a Beverly Hills based insurance practice specializing in long-term care insurance, Medicare health plans, retirement income and life insurance. To schedule consultation you may call (310) 425-3088 or visit online at www.OurSolomon.com