5 Ways Women Can Leave a Powerful Legacy
Your legacy is a reflection of your values, the mark you leave on the world, and how you are remembered by those who come after you. It’s more than just a footnote in history; it’s the indelible imprint of your existence, the summation of your actions, and the personal and societal impact you’ve made. For women, in particular, the ability to leave a powerful legacy has never been more significant.
Through reflection, careful planning, consistent saving and investing, and clear communication, women have the potential to create lasting change and influence that can ripple through generations. Watch the video above to explore practical strategies that women can employ to help ensure their legacy is impactful and enduring. Whether it is through charitable giving or estate planning, women can forge a path that not only benefits their immediate circle but also adds value to the world beyond their lifetime.
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Life Insurance
A term or permanent life insurance policy may help provide financial security for your loved ones and dependents, by making funds available to your named beneficiaries after your passing.
Charitable Giving
Whether it’s environmental sustainability, social justice, or any cause near to your heart, you can help shape the future you want to see by strategically gifting assets during your lifetime and at your death. Some charitable giving tools – like a donor advised fund – also have potential tax benefits.
Impact Investing
Your legacy might involve investing in companies dedicated to environmental, social, and governance issues (ESG) and business practices. This differs from charitable giving because you are intentionally making investments in companies based on the ESG criteria rather than making donations to charities or nonprofits.
Estate planning
Working with an estate attorney to create legal documents, such as a will, revocable living trust, durable powers of attorney (financial and health care) and health care directives, allows you to preserve and transfer your assets according to your wishes, appoint someone to make decisions on your behalf, and provide a way to take care of the people and causes most important to you.
Investing in You
Sometimes a life well lived is the best legacy. You saved, you earned, you invested well and now you can live the life you’ve successfully saved and planned for! Travel the world, eat in gourmet restaurants, and leave a legacy of stories and shared experiences. Ready to create your legacy?
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