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Practical Planning Tip: Lessons From My Grandfather - Leaving a Legacy

February 07, 2024

Today’s Practical Planning Tip from my grandfather is Leaving a legacy: When it comes to leaving a legacy, people often focus on the financial aspects of proper planning. However, I would argue that a legacy is not only about the transmission of wealth, but also about the transmission of values. Certain values are passed to your family by modeling behaviors, the way one leads their everyday life and how they spend their time.

In addition to watching my grandfather prioritize his family, faith, and community, I witnessed his ability to fully live in the moment. He was able to thoroughly enjoy watching his great-grandchildren play in the backyard, chatting with friends in synagouge, or spending a weekend together with his family. His enjoyment and happiness during all these seemingly mundane moments was palpable.

In the age of 24/7 connectivity, it’s easy to lose sight of the here and now. There is always something else that demands your attention. Unfortunately, living for tomorrow causes folks to miss out on some of the best that life has to offer today. When I notice myself reaching for my iPhone, instead of appreciating what is happening around me, I remind myself to live in the moment just like my grandfather would have. This is perhaps my grandfather’s greatest legacy, the one that will allow me to live my life to the fullest.

The underlying theme of the all the lessons I shared over the past week or so is that some of the most important retirement guidance cannot be determined within the confines of a spreadsheet or financial planning software. My grandfather understood this instinctively and imparted that wisdom to me. I continue to share that same timeless advice with my clients today.

You can watch the FULL video here.