Consider your lifetime spending needs, how much income you'll need for your current and future lifestyle, tomorrow's income sources and expenses, and your objectives for your family and your legacy.
Keep an eye on new realities, including market expectations, regulatory changes, tax laws and lifestyle shifts. Births, deaths, divorces and other changes should be reflected in your plan.
Involve family members in wealth discussions at an early age. By taking the mystery out of the money, you equip your family members for their eventual role in preserving and growing wealth.
This material is provided for illustrative/educational purposes only. This material is not intended to constitute legal, tax, investment or financial advice. Effort has been made to ensure that the material presented herein is accurate at the time of publication. However, this material is not intended to be a full and exhaustive explanation of the law in any area or of all of the tax, investment or financial options available. The information discussed herein may not be applicable to or appropriate for every investor and should be used only after consultation with professionals who have reviewed your specific situation. BNY Mellon Wealth Management conducts business through various operating subsidiaries of The Bank of New York Mellon Corporation. ©2016 The Bank of New York Mellon Corporation. All rights reserved.