As you approach your long-awaited retirement years, you may be asking yourself one of life's greatest questions: Should I leave behind a legacy or spend my nest egg like there's no tomorrow? Obviously, this is an extremely personal decision, and your answer will depend on many different factors.
You may want to leave an inheritance to those children or grandchildren who make your good girls and boys list. This money could help pay for your grandson's college tuition or your granddaughter's wedding. Even if they don't need this money, you may want them to have it. Maybe you're just comforted knowing your family will receive some kind of payout after your death. It may be worth it to give up some of your income now to make sure your loved ones receive a special gift later - especially those relatives who have been particularly nice to you over the years. There are many factors to filter through when deciding what to do with your assets. DMG has seasoned Advisors that will guide you along the way as you make the most important decision about your legacy.