Generational Planning

Generational financial planning (also called cross-generational or inter-generational planning) is a topic you might hear a lot about these days. Why?

You can thank the Baby Boomers. You see, as the Baby Boom generation moves into its golden years, they are once again making history. In March 2014, Forbes magazine reported that Millennials (Generations X and Y) are poised to inherit approximately $41 trillion from their parents over the next four decades. This will be the single largest inter-generational wealth transfer in history, and more than 60% of that wealth will pass directly to next-generation heirs.

Multi-generational planning focuses on planning for you, your children, your grandchildren and beyond. The goal is to provide for the most tax efficient transfer of assets from one generation to the next. If you have an interest in learning more about the intricacies and importance of generational planning, please do not hesitate to contact me. I look forward to working with you, and eventually your family members.