Most people do not plan for retirement—let alone estate planning. However, both of these strategies are vital to building (and maintaining) generational wealth.

Retirement planning is the business of providing for you and your spouse. Estate planning is the business of providing for your offspring and their offspring.

There are many ways to plan your retirement to transfer your estate to your heirs quickly. For example, you can create multiple dividend portfolios. That way, you can easily give each child one.

Estate planning also helps us understand why Roth IRAs may be the best way to transfer wealth to our children. Also, we need to comprehend the importance of insurance.

Inside, I give you essential references for estate planning and retirement planning to evaluate your strategy. This is critical information for everyone with a Blue Chip mindset.