Episode #295: The Greatest Wealth Transfer


If you won the lottery, what would you spend it on? Maybe you’d fulfill your childhood dream and get that shiny sports car you’ve always wanted. You could even buy a mansion for when you aren’t traveling the world since you have a flexible schedule now that you don’t need to work for an income.

For some, receiving an inheritance feels the same as winning the lottery and once that fortune falls into an heir’s hands, all of the fantasies they have about what they’d do with that money can suddenly become attainable. As much fun as it is to fantasize about the lifestyle that a large lump sum of money would allow for, the fun can end abruptly if there’s no financial plan in place to ensure that money goes a long way for a long time.

In this episode of Money Script Monday, Michael shares a hybrid leveraging strategy that can potentially increase the legacy that retirees are able to pass down to their heirs. With the greatest wealth transfer in history upon us, it’s critical for retirees to understand the financial strategies they can take advantage of so that their heirs could enjoy a bigger slice of the 84 trillion dollar cake that’s being passed down over the next 25 years.

Resources Provided for This Episode

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About Michael Clementi

Michael Clementi is a Field Support Representative at LifePro. He coaches hundreds of financial professionals on how to build effective financial strategies that achieve their clients' long term goals and helps them stay educated on the latest industry trends.


This information is meant for educational purposes only.

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