Legacy Decisions — What to Consider Before Leaving Your Children $5 Million

In this episode of the Retirement GPS Podcast, Ryan and Zane tackle one of the most emotional questions in financial planning: How do you leave wealth to your children without creating unintended consequences?   They explore the behavioral, financial, and family dynamics that come with passing down significant wealth, and why legacy planning is about far more than taxes and legal documents. From trust structures and communication strategies to Roth conversions and inherited IRAs, this episode breaks down the decisions families need to think through before transferring wealth to the next generation.   Ryan and Zane also discuss the “third-generation curse,” including a study by The Williams Group that found "70% of wealthy families lose their wealth by the second generation, and a stunning 90% lose it by the third generation", largely due to poor communication and lack of preparation rather than investment performance.   This episode depicts:   How to think intentionally about legacy planning Why communication with heirs matters The risks of leaving too much wealth too quickly How trusts can protect assets and encourage responsibility Estate taxes, inherited IRAs, and step-up in basis rules The difference between creating opportunity and creating dependency   Leaving money behind is not just a financial decision. It’s a reflection of your values, your family dynamics, and the legacy you want to create for future generations.   Stay connected with the Retirement GPS Podcast for weekly conversations on retirement, investing, taxes, estate planning, and the real-life decisions that shape a confident future. Follow Zynergy Retirement on Instagram, Facebook, and LinkedIn @ZynergyRetirementPlanning for more insights, planning strategies, and content from the team.