More than Enough: A Brief Guide to the Questions That Arise After Realizing You Have More Than You Need

Most financial media deals with the topic of accumulating enough savings to cover your expenses throughout your lifetime. Among people who read personal finance books, many are "super savers"-saving a high percentage of their income through most of their careers. One thing that eventually happens for many such people is that they reach a point at which they realize they have not only saved "enough", they have saved "more than enough." Their desired standard of living in retirement is well secured, and it's likely that a major part of the portfolio is eventually going to be left to loved ones and/or charity. That realization raises a whole list of new questions and concerns. Some of those are financial (e.g., how much can I afford to give away to charity during my lifetime?), and some are non-financial (e.g., how should I communicate my estate plan to my intended heirs?). This book's goal is to help you answer those questions that arise when you realize you have accumulated-or are on track to accumulate-more than enough.Part One: Non-Financial Considerations (What's the goal? And why?)1. Do You Have More Than Enough?2. Who Gets the Money?3. Talking with Your Kids or Other HeirsPart Two: Financial Considerations4. Giving and Spending During Your Lifetime5. Learning to Spend and Give More6. Impactful Charitable Giving7. Impactful Investing8. Reassess Your Asset Allocation9. Trusts10. Asset ProtectionPart Three: Tax Strategies11. Qualified Charitable Distributions12. Donating Appreciated Taxable Assets13. Deduction Bunching14. Donor-Advised Funds15. The Roth Question(s)16. (State) Estate Taxes17. Developing a Workable PlanPart Four: Finding Professional Assistance18. Working with an Attorney19. Working with a Financial PlannerConclusion: Mission Accomplished. Now What?Afterword: Our Most Limited Resource

Categories: Self-Help