Bridging the Generation Gaps
The Baby Boomers are the wealthiest generation in history with some $30 trillion in assets. But that enormous number guarantees nothing for their heirs. Much of that money will be lost to over-spending, bad investments, and negligent tax preparation. We think that’s a terrible waste. With proper care, this wealth can be passed along, not to guarantee a life of leisure, but as a resource to pay for education or start a business. Bill Gates says he wants to leave his kids enough to do anything, but not so much so they can do nothing. But you don’t have to be a billionaire to give your kids a modest leg up. You just have to plan and pay attention.