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Strategies & Market Trends : Dividend investing for retirement

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To: Steve Felix who wrote (32049)11/4/2019 6:55:28 AM
From: Max Fletcher5 Recommendations  Read Replies (1) of 34328
 
“I also want to write letters to my grandkids, explaining that the money was to make their life easier, and allow them to spend THEIR money on wasting assets if they want, while having these funds for retirement.”

I’ve been working on a similar letter. First paragraph is below. I still need to work on the explanation of how to invest and live off Dividend Growth vehicles in a clear and simple manner.

”I am writing this memo as a guideline to how I wish to see your inheritance invested and used. It should be considered a vehicle to enhance your life, and that of your family, but one that you preserve and pass on to the next generations – with my instructions included to the next generations. You are entitled to use and spend the interest and dividends, but I request that you never spend the principal. Let it grow, and pass it along to future generations. I ask them to do the same. Multi-generational wealth is difficult to achieve but well worth the effort of doing. Further details are as follows.”
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