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Millennials are poised to inherit trillions from their parents, positioning them to have five times the wealth they have today by 2030. The preceding generations – namely, Boomers and Gen X – have a substantial stake in the long-term success of this wealth transfer, which will have a direct impact on their ongoing legacy. The preservation of generational wealth has been a long-standing financial planning challenge, with estimates indicating that a staggering 90% of family wealth will be gone by the third generation. How can you help? Financial advisors can empower multiple generations with #financialeducation and tools to put families on the path to financial literacy. Goalsetter can help! https://lnkd.in/eaX7TXq6 (source: https://lnkd.in/eHpp2dYW)

?? As the 'Great Wealth Transfer' approaches, Gen X, Millennials, and Gen Z might find their inheritance expectations need adjusting. The economic impact of recent events, such as the COVID-19 pandemic, inflation, and global conflicts, is thinning Baby Boomers' retirement savings. That’s why families need to discuss financial realities openly. Understanding the actual value of an expected inheritance can prevent future disappointment and ensure that plans are realistic. Start those conversations today to set clear expectations for tomorrow. Need guidance on how to discuss or plan for your financial legacy? Call (763) 445-2772, text (612) 712-4801, or visit strategizewithdana.com to schedule a consultation. Let’s navigate this together! #WealthTransfer #FinancialPlanning #EstatePlanning

??Generation X & Millennials: Financial Planning for a Secure Future?? Financial planning is crucial for Gen X and Millennials to build and maintain wealth. Without a solid plan, future financial goals may remain out of reach. Secure your future today! Visit Us - https://lnkd.in/ggBW-Tg5 #wealthmanagementstrategy #realestateplanning #personalfinancialplanning #retirementplanning #financialestateplanning #highnetworthplanning

Please take a look at this great article I contributed to with Fortune. Wealth Management Advisor Evan Potash discusses why Roth IRAs are the new favorite investment account of Millennials and Gen Z. Read more: https://bit.ly/3VC2Rks

Financial wisdom across generations: Tips for boomers, Gen X, millennials, and Gen Z. Each age group faces unique financial challenges and opportunities. Learning from each other’s experiences allows us to make better financial decisions and avoid common pitfalls. https://lnkd.in/dUkPkwdS

Are you ready for the largest wealth transfer in history? Over the coming years, an estimated $84 trillion will be passed down from Baby Boomers to Gen X and Millennials. This unprecedented shift presents both challenges and opportunities when it comes to protecting your family's financial legacy. To help you navigate this transition, here's an article outlining key strategies for legacy planning and wealth transfer, along with the 3 tips above. https://https://lnkd.in/gmTGctbP If you want to secure your family's future and ensure a smooth transfer of wealth, let’s connect. Book a personalized Legacy Planning Session today using the link below. Together, we can build a plan tailored to your family's unique needs. https://lnkd.in/g-PwDauP Let’s start the conversation about preserving your legacy for generations to come. #WealthTransfer #LegacyPlanning #FinancialPlanning #GenXWealth #MillennialFinance #EstatePlanning #FamilyLegacy

???? As the largest wealth transfer in history unfolds, millennials and Gen Z might find the reality different from expectations. Baby boomers are set to transfer $68 trillion, but the actual amounts each younger person may receive could be lower than anticipated due to poor communication, changing financial conditions, and the challenges of modern economic pressures. It’s crucial now to reassess financial strategies by setting realistic expectations, improving financial literacy, refining investment strategies, ensuring self-sufficiency, and fostering open family discussions about wealth and inheritance. These proactive steps will be key in managing potential inheritances effectively. The coming years will be pivotal. #Millennials and #GenZ can still position themselves as the richest generations in history, IF they’re willing to be proactive in their financial planning and have open family dialogues. #MillennialMoney #GenZFinance #WealthTransfer #FinancialPlanning

"They've got time. Time is your best friend for these types of things." When it comes to traditional financial advice and markers of success, millennials and Gen Z are a skeptical bunch. But that should help them in the long run, according to one financial executive. Despite the economic headwinds facing young people today, David Nason, senior executive vice president and COO of TIAA, gave two reasons why he doesn’t necessarily worry about the financial futures of millennials and Gen Zers at Fortune‘s Future of Finance conference Thursday. See more coverage from #FortuneFinance here ?? bit.ly/4bIcLHH

Market turbulence is reinforcing a crucial lesson: the power of bouncing back with confidence. This article about the dramatic turnaround in millennials’ finances showcases this perfectly. Millennials are now wealthier than previous generations were at their age. Improved financial literacy and increased participation in savings and investments have helped change the narrative for them. Resilience isn't just a trait; it's a strategic advantage.

The Millennial's Guide to Wealth Building! In today's fast-paced world, millennials are presented with unique financial challenges and opportunities. We’re here to help the young and ambitious generation pave their way toward a secure and prosperous future. Starting early is the key, and it's not just about saving pennies. It's about making informed choices, investing wisely, and building a robust financial foundation that will endure life's twists and turns. From understanding the power of compounding to navigating the world of stocks and investments, we can provide you with actionable steps, tips, and strategies to empower millennials to take control of their finances, set clear financial goals, and secure their financial well-being for years to come. Whether you're looking to buy your first home, travel the world, or retire early, we will show you how to turn your financial dreams into achievable realities. Drop us a message or book a no obligation call with us - Book a meeting with Lena - ISJ (isjfinancialplanning.co.uk) #MillenialFinance #FinancialFreedom #FinancialAdvisor #FinancialPlanning #StartEarly