Food for thought
Anecdotally I have seen many posts which indicate there are those among us who plan to live to 90 or 100, withdraw substantially less than 3% from the nest egg and have LTC insurance. This would appear to be potentially two or three times as much as needed. When they do die, their relatives will be quite old as will their children, since they are living to be 100. Why not give half the portfolio away to the charities of their choice while they are alive to see the impact of the good works. It is a luxury to be in such a position, why not take advantage of it.
You do loose a bit of control and most of the enjoyment your $$$ provides once you are gone.
Anecdotally I have seen many posts which indicate there are those among us who plan to live to 90 or 100, withdraw substantially less than 3% from the nest egg and have LTC insurance. This would appear to be potentially two or three times as much as needed. When they do die, their relatives will be quite old as will their children, since they are living to be 100. Why not give half the portfolio away to the charities of their choice while they are alive to see the impact of the good works. It is a luxury to be in such a position, why not take advantage of it.
You do loose a bit of control and most of the enjoyment your $$$ provides once you are gone.