Deciding whether to leave an inheritance for your children impacts the amount you save, the retirement plans you choose and how you take qualified retirement plan distributions. However, beyond your desire to leave some wealth to your children (or not), there are some essential personal financial issues to consider. Consider Your Own Income Needs Some retirees mistakenly give their retirement savings away without considering their own income needs. Before you make gifts to others, it’s important to assess how much … Continue reading →