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WCI #312: Generational Wealth and Teaching Your Kids About Money

White Coat Investor Podcast

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How to Measure Success at Passing on Generational Wealth

Most of the time 70 percent is lost in one generation, if you can get your next generation to maintain 80 percent of that wealth, is that a win? How should this be measured? You know, I think the measurements and the definition of what is a successful transference of wealth depends on the individual. So for me personally, when we designed our estate planning, our legacy plan, we actually mentioned some guidelines on how to utilize the money.

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