[quote=flyer]I can’t speak for all Boomers, and, fortunately I don’t know any of the type that have been described by other posters, but I’m sure many Boomers fulfill the negative definitions that have been posted here, just as many Millenials fulfill the negative definitions many hold about them.
That said, I can only speak for the lifestyle my friends and family embrace, which is one that puts family, friends and other chosen priorities first (and, believe me, none of my children ran the streets of Rancho Santa Fe when they were being raised here); created multiple sources of passive of income at a very early age, so we have been able to spend our time as we choose most of our lives–doing the things that are most important to us without financial concern–as well as creating a legacy for our children, grandchildren and great-grandchildren, etc.–all without long commutes, or becoming needy, and with more love than we could ever want if we were to live to be a thousand.[/quote]
you cannot create a legacy for great grandchildren unborn, if i recall. something about the rule against perpetuities…all we can do is hope the next generation doesnt blow it..
.weve had the rule against perpetuities for hundreds of years…but these millenials probably think its a fluid concept. crazy kids…
the rule states: “No interest is good unless it must vest, if at all, not later than twenty-one years after the death of some life in being at the creation of the interest.”
but im not an estate lawyer. rule is probably different in calif. see a specialist 4 details….
