Be Remembered for More Than Leaving a Lot of Money

What is the purpose of investing? As summer days wind down, we suggest you take some time to contemplate this question.

Fortunately, the question is simpler than “What is the purpose of life?” but articulating the purpose of investing is not a simple task.

Simplistically, the purpose of investing is to meet long-term personal financial planning goals. These goals may include buying a new home or vacation home, paying for education, funding retirement, supporting charitable causes, and leaving an inheritance or a legacy.

Funding retirement comes first to most people’s minds since it is a large financial obligation. Leaving an inheritance or legacy also usually makes the list. But what is the purpose of leaving an inheritance or legacy? Most people will tell you they want to leave an inheritance to help their children lead a more comfortable lifestyle, enjoy family vacations, send the grandchildren to college, help pay for their weddings—the list can go on and on. Leaving a legacy is commonly a goal.

Let’s take leaving a legacy a step further. Is it simply leaving money, or could it or should it also be about leaving values and memories?

How do you want to be remembered? We hope it is for more than “my parents or grandparents left me a lot of money.”

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As summer days wind down, we encourage you to think about what you are doing to leave a legacy of values and memories. Talk to your children and grandchildren about values that are important to you. Spend some time creating good memories and family experiences. Doing so isn’t always about the amount of money you spend. It can be, but it doesn’t have to be. It can be more about what you do and how you do it.

Enjoy these final summer days! We hope your summer has included some memorable personal experiences and family time.

Our firm just marked our 24th anniversary since being founded in 1993. We are grateful for the long-term relationships we have had with our clients. We thank you for your confidence and trust. We look forward to many more years of serving your personal financial planning needs and helping you achieve financial peace of mind.

As always, please contact us with any questions, news, or comments.