Would you like to help change the world or your family’s lives by leaving a legacy, but you want to be responsible in the process? Here’s another common goal you may have: You want to be alive to see the benefits of your legacy instead of waiting to pass along all your money until after you’re gone.
If the idea of leaving a legacy to family or charities appeals to you, you’ll want to consider your legacy planning carefully when analyzing your plan for financial security in retirement. A key goal: Be sure your giving and support don’t increase the odds that you might run out of money while you’re still alive.
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