The stress of passing on your wealth

Financial Post | Business

The ultimate goal of retirement planning is that of financial independence, whereby one no longer needs to work in order to provide for oneself financially.

In the past, it was a simpler proposition given the prevalence of defined benefit pensions, which meant less planning in advance because retirement funds accumulated automatically and predictably. The planning around how to draw down on retirement assets was more or less pre-determined.

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So you never thought you’d have so much money. You did well. And you can continue to do good, long after you’re gone. Here are a five things to keep in mind when thinking about how to divide your assets.

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Furthermore, in the past, retirement didn’t last nearly as long. Retirement ages have stayed reasonably steady in recent years, while life expectancies have risen. Retirement itself…

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