Planning for generational wealth is not just for the 1%. Let us explore what’s generational wealth and how does generational wealth work to provide economic security.
What Is Generational Wealth?Generational wealth, also known as legacy wealth or family wealth, is defined as monetary assets passed down from one generation of a family to the next.
What Amount Is Considered Generational Wealth?Definition of generational wealth is when you have accumulated enough investments to pay for your heirs’ living expenses in perpetuity without touching the principal.
How To Build Generational WealthBefore you consider generational wealth creation, it is critically important to ensure your own retirement savings plan and other financial goals are secured.