Lately I’ve been thinking a lot about generational wealth and what that even looks like for our families. Is anyone else actively trying to build something long-term for your kids or future generations? I didn’t grow up with a financial safety net, so I’m trying to break that cycle, but it’s hard knowing where to start. What are you prioritizing? Real estate, life insurance, investing?

like
Posting as :
works at
You are currently posting as works at

F

All of the above are prioritized in my family. Term life insurance is a great way to ensure your family is financially stable. Aim for at least twice your salary for that policy. If you have real estate with a mortgage, you may want to have a higher amount to account for purchasing the property outright.

Investing 5-10% of your salary annually (outside of your 401k/403b) is a good goal to start. Just buy VTI to track the stock market and keep it simple.

For real estate, my parents always discussed the ins and outs of home ownership including taxes. My parents often shared stories of their friends’ kids losing their homes after the friends passed away because they didn’t pay taxes on the property. In my family, investing in the knowledge around financial security is just as important as the avenues we’re using for financial security.

Absolutely feeling this. I didn’t grow up with a financial cushion either, and now I’m trying to set my kids up differently. Right now I’m focused on term life insurance, maxing out my Roth IRA, and opening a custodial account for my child. Real estate’s a goal too, but it feels harder to break into. Curious what others are doing first?

Related Posts

Men’s hair style/ facial hair, and interviewing at Big4 poll:
1. Ok to have longer hair
2. Only medium/short hair is professional
3. Trimmed beard & mustache ok
4. Only mustache ok
5. Long beards ok
6. Clean shaven only
7. Hair style/facial hair have no relevance

Any advice on dealing with an eating disorder in the workplace? Mine is taking over and my work is crumbling. I often can’t focus or remember anything from meetings or conversations because I havent..

I keep forgetting to ask about this but I noticed ever since my hysterectomy years ago I have arthritis (I think) in my fingers. Basically I can’t open things that I easily could before like jars, caps, and even ziploc bags. Has anyone else experienced this? Basically your hands and fingers feeling weaker, numb, painful or just not working? Any way to combat this? TIA 🐟

Is anyone here a member of Equinox Sports Club in West LA? Curious how crowded it gets, particularly in the evenings around 8.

like

Curious what other opportunities are out there for licensed insurance agent in P&C, Health/Life/Medicare. No sales.

like

Hello Fishes,

It would be very kind if someone can provide help on what kind of questions will be asked for oracle subscription management cloud(SMC)
Interviews?

Thanks in advance.

Langland NYC office, who is your recruiter?

Aside from short term emergency declarations where visas are handed out, has anyone found any countries that provide a visa due to a skill shortage, or carriers that offer sponsorship for senior insurance professionals? Curious mostly about Europe and Oceania.

like

Is my relationship worth it? Met my SO of 3 years senior year of college. Hoped we would graduate and start our full time jobs together, but my SO is unfortunately still in school (switched majors, transferred schools, etc). Our relationship has taken a big hit, as I am moving forward with my life but he is still in school and can’t find a job. I am also starting to resent him and he is turning more insecure. I am only 23, is this worth it?

like

Do you think clubhouse will be a hot in the longer run?

like
like

Tagline for the post-lockdown “grand reopening”

like

Is there any policy in Wipro where they will black list you when you reject their offer and didn't join the company???@Wipro

likefunny

Is it normal for Managers have to take on roles both as a Senior and a Manger at the same time due to shortage in PA. Im at a midtier and a lot of my jobs don’t have Seniors and Partners don’t want to delay these jobs.

like

Why do tech people like Stratecherry so much? I don’t find it particularly insightful. Am I missing something?

like

I still think of my ex. It’s been 9 months since our breakup. He cheated on me and although I walked away and never looked back, I still wonder how life is treating him. I know I deserve better. Sigh.

like

“This report is like a bikini. What it is showing is interesting; what is beneathbthe cover is crucial.”

likefunnysmart

“Alexa. Am I a nerd?”. This is my latest connected device. What’s yours?

Post Photo
likesmart

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal