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You Are Your Legacy

You Are Your Legacy

“Be the change you wish to see in the world.” The quote is attributed to Ghandi in his fight for non-violent independence. But to me, it is an inspiration for a parenting style that I very strongly believe in. Whatever you want your children to be, you must be those things first. Children learn in a number of ways. One of the main methods of learning is by modeling. Your children watch what you and other adults around them do. They, then, copy or “model” the behavior. It’s why a child will mime Mom putting on lipstick or Dad shaving.
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Your Future Starts With How You Live Your Legacy Today

Your Future Starts With How You Live Your Legacy Today

Most of us think of a legacy in terms of the future, of when we’re gone. We worry about what sort of financial inheritance we’ll be able to leave; what traditions and values have we left behind for the next generation. But, in reality, a substantial part of your legacy is how you live right now.
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Five Legacy-Planning Mistakes Women Make

Five Legacy-Planning Mistakes Women Make

Women are increasingly taking control of household financial management. According to the RBC 2017 Wealth Transfer Report, 98% of high net worth women (households with investible income in excess of $4 million) are either the sole or joint decision-maker on daily banking. According to a U.S Trust survey, women currently control approximately $14 trillion in assets and that amount is expected to increase to $20 trillion by 2020. Yet, when it comes to estate and legacy planning, women seem to be lagging behind.
Filed in: financial planning
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A Legacy Plan for Your Pets

A Legacy Plan for Your Pets

Since our pets have shorter life spans, we don’t typically think about outliving them. But it does happen. It is estimated that between five and seven million companion animals end up in animal shelters due to the death of their owners. For some pets, they are lucky to be surrendered to a no-kill shelter and will live out the rest of their lives with good care. Unfortunately, another nearly three to four million of them end up being euthanized (60 percent of dogs; 70 percent of cats) when new homes can’t be found.
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The Advisor Dilemma

The Advisor Dilemma

Disruptive innovation is happening all around us. And with the advancement of artificial intelligence (AI) and robotics, the future for us humans can start to look as dystopian as some of the darker science fiction movies (think “Blade Runner” and “Terminator”). But there is a light at the end of this tunnel. Humans want and need to interact with other humans and that includes human advisors. They just don’t seem to realize the true value because they have a misunderstanding of what a financial advisor does. And, thanks to the Internet and other digital technologies, many consumers think they can do it themselves.
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