OLLI0018 - Creating a Financial Legacy for Future Generations

Course Description

This course will discuss guidelines for creating a lifetime legacy by examining our past, present, and future. Past decisions, events, and their effects on us will be discussed as to their value in today’s world. The present will be reviewed as it pertains to creating a legacy while personally remaining financially sound. Living longer and outliving our money is becoming an unfortunate reality that sometimes reduces our ability to create a legacy. Discussions will broach the topics of preventing outliving one’s financial resources and ways to save money during retirement such as reducing income tax, avoiding RMD taxes, current tax changes, and estate planning. Future lifetime legacy plans will be outlined with detailed explanations on how to accomplish your goals. Creating a legacy is important, but just as important, is training descendants on their responsibility to continue the legacy for future generations.