NEWS

The generational wealth "curse", reminds me of the story of the wealth left by the Rockefellers, $1.4 billion, and the Vanderbilts,$100 million: why one is thriving today after 7 generations of millionaires, while the other was depleted by the fourth generation.

https://www.kitces.com/blog/managing-portfolio-size-effect-with-bond-tent-in-retirement-red-zone/?utm_source=linkedin&utm_medium=social&utm_campaign=evergreens

The following, from Northern Trust, is an example of how to fine-tune your estate plan to ensure a legacy of hard work, charitable giving, and living within one’s prescribed means is carried forward to future generations. Basically. leaving “enough to do something, but not enough to do nothing.” https://www.northerntrust.com/united-states/institute/case-studies/how-one-family-instilled-purpose-in-their-wealth-plan

https://lnkd.in/eTn9G4tq