Dolly Parton's Planning Ahead Lesson, Plus Three Social Security Questions
from Keen on Retirement
Dolly Parton's songs and movies will live on forever. But when the 80-year-old entertainment icon passed away last month, she also left behind an impressive financial legacy that we all can learn from. In a 2020 interview, Parton made it clear that she had no intention of becoming another celebrity cautionary tale about poor estate planning, saying, "You don't want to leave that mess to your family for people to have to fight over. You need to take care of that yourself." Parton's $450 million estate is protected by a trust with executors and successor trustees, as well as a team of legal and financial professionals. And while one of the benefits of establishing these kinds of protections around your estate is that many details may remain private, I'm guessing a good portion of Parton's fortune will continue her extraordinary philanthropic mission. Most of us won't write hit songs and build our own theme parks. But we can follow Parton's example by being proactive about protecting our legacies and giving back what we can to make the world around us a little bit brighter. Another important part of shoring up your own financial plan is making the most of your Social Security benefits. On today's show, we follow up Matt Wilson's recent webinar, Maximizing Social Security Benefits, by answering some questions from our audience.
Embed this episode
No transcript yet.