Over the next two decades, an estimated $84 trillion will move from Baby Boomers and Gen X to their heirs and charities. Millennials are set to become the wealthiest generation on record.

You’ve probably heard the saying: “If I only knew then, what I know now…” At Compass Financial, that’s exactly the gift we get to give our clients — the wisdom of experience. When most people ask, “Where should I put my money?” they’re thinking stocks, real estate, maybe even cryptocurrency. But that’s not the right question. It’s not what you buy, it’s where you position it.

You’ve heard the phrase: “The best time to start was yesterday, the next best time is today.” That’s especially true when it comes to planning for retirement. The longer you wait, the fewer choices you have. And you didn’t become successful by letting someone else control your choices, right? Our goal is to put you back in control of your wealth and your retirement timeline.

One of the best pieces of advice we give entrepreneurs is simple but powerful: Pay yourself first. Not a business owner? The same advice still applies.   It’s tempting to pour everything back into your business, or assume selling it one day will fund your retirement. But that’s putting all your eggs in one very fragile basket.   Here’s the reality: businesses get bought, sold, or disrupted. Your retirement shouldn’t hang on a “maybe.”

At Compass Financial, we often talk about legacy, what you leave behind for your loved ones, your community, and future generations. This last week, we were honored to live out that value as the Gold Sponsor of the Tunnel to Towers Charleston Golf & Dinner Classic.