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Reply to "Preventing generational decline"
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[quote=Anonymous]Review the information at these links, for a start: https://investor.vanguard.com/wealth-management/family-legacy-services/knowledge-center/preparing-wealth-transfer https://investor.vanguard.com/wealth-management/family-legacy-services/knowledge-center https://investor.vanguard.com/wealth-management/family-legacy-services/knowledge-center/wealth-goals https://investor.vanguard.com/wealth-management/family-legacy-services/knowledge-center/active-role It's also important that your children become educated about personal finance and investing, so they don't suddenly have disposable income while having no clue how to prudently make it grow instead of spending it as they receive it. Far too many people are fundamentally ignorant about such topics and consequently mismanage their assets or fall prey to high-cost, inefficient money managers in lieu of informed self-management or reliance on low-cost sensible fiduciaries like Vanguard. [/quote]
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