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[quote=Anonymous][quote=Anonymous]People throw around this term a lot. What number is usually meant by it? How much we talking?[/quote] I think any reasonable number with the right guardrails should work, no? Say you have $10M (50/50 brokerage vs IRA) net worth at 67/62 with kids that are 26/24. If you put that $5M in a irrevocable trust where the trust pays out no more than 3% of its value each year, equally distributed to all beneficiaries (say, your blood descendants) each would begin to get $37,500 per year, which will only grow over time. Given the low 3% withdrawal rate, I suspect the corpus would only grow over time providing your descendants with some money on a regular basis. Is that not generational wealth?[/quote]
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