Why Intergenerational Wealth Transfers Fail 70% of the Time By Laura A. Roser According to a study that surveyed 3,250 wealthy families, 70% of the time when wealth is transferred to an heir, it is lost due to mismanagement, poor investment choices and other mistakes. In their book, Preparing Heirs: Five Steps to Successful Transition…
It isn’t a fluke more than 80 years after his death, Houdini is still remembered as the greatest magician of all time. Harry Houdini (1874-1926), known for his ability to escape handcuffs, straitjackets and water tanks, is still regarded as one of the greatest magicians of all time. Is this because he was? Not necessarily….