Just as drivers should when merging onto the highway or backing out of a parking spot, investors should be checking their blind spots when considering factors that can impact wealth accumulation.
After all, building a nest egg for future generations can take decades of hard work and discipline — but that wealth can erode quickly if investors aren’t keeping their eyes peeled for hazards along their financial journeys. One estimate indicates that a staggering 70% of families see their hard-earned wealth wiped out by the next generation, with 90% experiencing this pain by the third generation.
