Today's episode is all about multi-generational wealth and it is brought to you by my clients who asked me to talk about it.

And my clients know who they are because the episode is coming out and I sent it to them right when it did.

And they go, yes, I'm excited. Everyone else gets to hear this.

So the quick story I told these very lovely clients, they're in their 40s and they're on track for a lot of money. They're doing really well and they're wondering, hey, should we start giving to our children now? Should we wait? Because we don't want to run the risk of running out. We know they have time to make more money, but we just don't know what should we do. How much can we gift? How do we think through that? And I said, I don't want you sitting at your kid's wedding and their child is nowhere near getting married, but I don't want them sitting at their kids wedding going, hey, did I just give them way too much money where now we might be a burden to them in the future? Did I not give enough money where I'm on track for millions? And if I would have just given them $15,000 more dollars, they could have had the day of their life.

Like, how do I know how much I can give effectively and how do I think through that? So they were like, I definitely don't want that to be me. So we went through a big exercise and I showed them what they're on track for and not on track for. And it wasn't a number that they loved because they wanted to be able to give a lot for a wedding. But when it comes to retirement planning,

I said, I want you to be able to understand retirement planning is not just, are we on track for

retirement? It's also a cash flow decision. So even if you're on track to retire early in your 50s,

I might recommend continuing to work if we have a kid in college or if there's some big upcoming expenses we're doing a

remodel or something like that not because i'm mean but because what you don't want to do is get

unlucky and you don't want to retire too early and now we've got health care costs we want to travel

because you have your energy and your health we're paying for kids, you know, and then you just run the risk of not

actually being able to spend what you want the rest of your life. So they understood that, but this was

going to be a deeper conversation on giving and really building multi-generational wealth. Now, some of you

have read the book, Die with Zero. And you're like, hey, should I even listen to this podcast maybe but i will say it's

not going to be as applicable to those of you that have children or are wondering about how much you

should potentially do uh charitably give if that's of importance to you so i was thinking for the

words there i'm like i feel like there's a better term i was of tithing. So it depends what you are hoping to accomplish.

Some of you are like, listen, I work so hard for this. I want to die with zero. If there's $100 there, I'm gonna be pissed. Others of you are like, listen, and most of you all say, you're not trying to die with exactly zero. You want to make sure you definitely do not run the risk of running out,

but you don't want to look back going,

okay, I've got 10 million bucks.

Why didn't I spend more or give more or help more when I was in a fine spot to do so? So I'm going to go through how to think through this today. If you don't already know, my name is Ari Taublieb. I'm a certified financial planner. I am the host of the early retirement podcast, and I'm the vice president at

root. If it feels, I'm a certified financial planner. I am the host of the early retirement podcast, and I'm the

...