Designing Your Portfolio to Leave a Lasting Legacy

On this episode of A Wiser Retirement Podcast, Casey Smith and Brad Lyons, CFP® talk about how to design your portfolio to leave a lasting legacy. They also explain the importance of an opportunity fund, real estate in your portfolio, and educating the next generation.

Listen on Apple Podcasts or watch on YouTube:


Steps to Build Your Portfolio

It is important to build a portfolio that will leave a lasting legacy. Start by eliminating all debt including credit card debt and home and auto loans. Then, make sure you have emergency reserves set aside. This will allow for a cushion between you and your investments. Once that is set up, begin retirement planning. The last step to build your portfolio is college planning. This will help the next generation in their educational expenses.

Create an Opportunity Fund

Start by defining your objective. Then, set aside some extra income and put it in an opportunity fund. Think of this fund like a family bank. If a family member takes money out of it, make sure they replenish it. Use this extra income for opportunities to generate more wealth!

How to Generate Wealth to Leave a Legacy

The best way to generate a successful portfolio is by diversifying it. Invest in different ETFs and focus on low-cost investments. Make sure you construct your portfolio in a way where you know the expected return, predictable standard deviation, range of returns, and the expected outcome over time. This will assist you in generating more wealth for your family.

Have Real Estate Assets

Make sure to include real estate assets in your portfolio. One way to do this is you could buy a vacation home and rent it out when not in use. By doing this, you will have extra income. Then, you could use that income to generate more wealth within your family.

Educate the Next Generation

It is important to educate the next generation on how to maintain wealth. Explain to your children how you have accumulated wealth. Then, explain the best practices to maintain it. This will allow them to maintain the family’s wealth for generations to come.

Download our white paper on “7 Steps to Leave a Financial Legacy”


1:06 Steps to Build Your Portfolio

7:44 Create an Opportunity Fund

11:00 How to Generate Wealth to Leave a Legacy

22:11 Have Real Estate Assets

25:15 Educate the Next Generation


Learn more about Casey Smith and connect with him on Twitter.

Learn more about Brad Lyons, CFP®.


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Learn more about A Wiser Retirement podcast and access previous episodes.

By Published On: August 8, 2022

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