Differences in Priorities Tuesday May 17

A recent research study sponsored by US Trust reinforced the dramatic differences in priorities for boomers compared to previous generations. High Net Worth Investors were asked what they wanted to acheive with their money. Financial freedom and financial security ranked at the top - no surprise there. Then came travel and improving relationships with family and freinds. Past generations would have given priority to leaving an inheritance - wealthy boomers ranked it number 5 just ahead of having fun. Proof again that these are not your parents retirees. The implication for wealthy retirees is that no two vision statements are alike and your plan may have different priorities than your parents