Generational Wealth Builder Tool
This Generational Wealth Builder tool is designed to help families and individuals plan for long-term wealth accumulation that can be passed down through generations. It incorporates various features that allow users to input their income, savings, and investment goals, and it calculates the potential growth of wealth over time, factoring in compound interest and different generations’ contributions.
Key Features:
- Initial Wealth Input: Users can input an initial amount of wealth (savings or investments) that will be passed down to future generations.
- Investment Growth Rate: The tool allows users to set an expected annual return on investments to simulate wealth growth over time.
- Generational Contributions: Users can add contributions for different generations (e.g., Generation 1, 2, 3) to see how wealth accumulates across multiple generations.
- Compound Interest Projections: The tool uses compound interest to calculate how much wealth will grow over time and how it will increase with each generation’s contributions.
- Custom Time Frames: Users can set different time frames for each generation’s wealth-building period.
- Inheritance and Wealth Transfer: The tool provides a projection of how much wealth can be passed to the next generation.