My grandmother used to teach us crazy songs. I have this memory of sitting in the back of her Subaru with my brother when I was just 7 or 8 years old belting out, “Nobody likes me. Everybody hates me. Guess I'll go eat worms!”
Of course, crazy songs aren't the only thing my grandparents taught me. They taught me a lot about family, the importance of hard work, and all kinds of key life skills. Now that I'm an adult, I'm especially grateful for the influence they had on my life. And I'm not alone.
A full 84% of Americans say it's important to know about their history.
Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
Dr. Karl Pillemer of Cornell University writes, “Research shows that as many as 9 out of 10 adult grandchildren feel their grandparents influenced their values and behaviors. Grandparents transmit to their grandchildren the values and norms of social order.”
What exactly do grandchildren want to know about their grandparents? I'm glad you asked. Here's what a survey conducted by Ancestry.com revealed:
Top 5 Things Americans Want to Know About Their Grandparents:
- Stories of when they were young (72%)
- Childhood memories (62%)
- Where your family came from (62%)
- Their heritage (62%)
- Life advice (51%)
Is Your Legacy Missing This Key Ingredient?
So often when an estate plan is drafted, you sit down with your attorney or financial adviser and focus on the tangibles — your investments, cash, jewelry or other items you plan to pass on. It’s easy to forget just how important the intangibles are.
What makes for a great legacy? A life well-lived, whatever that means to you. When you share your stories and memories with your loved ones, it helps them to navigate their own lives and discover values, principles and traits that enable them to develop deeper meaning. You can do this as a part of your estate plan—such as create a book, video or letter to be passed on to your loved ones when you die — or you can do it now and make it an active part of your life. (For more on that, read A Unique Estate-Planning Idea: How to Write Your Memoir.)
I’m always in favor of sharing as much as you can now because a close, loving family who talks with each other and knows one another’s stories is a family who has created a supportive culture for growth and introspection.
So, the next time you're sitting around the dinner table with your family, share a story about a meaningful experience, some family history or tell about that time when Aunt Lisa told a joke so funny that it cracked up the cop who had just pulled her over and helped her avoid a speeding ticket.
You never know what great conversations will bloom.
And ... if you're really proactive, grab a recorder or hit the video record button on your phone. These memories are treasures your family will love more and more as the years go by.
-
What To Do if a Hurricane Cancels Your Vacation PlansFrom airline waivers to travel insurance claims, here’s how to limit losses when storms derail your trip.
-
Rideshare Drivers Could Lose Thousands By Overlooking ThisBeing a rideshare driver can be a great way to meet people and make money. But overlooking this one thing could cost you thousands.
-
When You Need Capital Quickly, Think 'Ready, Set, Fund': A Financial Adviser's StrategyInvestors must be able to free up cash to meet short-term needs from time to time. This strategy will help you access capital without derailing your long-term goals.
-
I'm an Estate Planner: Moving Family Assets to a Safe Haven Abroad Could Be a Huge Headache for Your HeirsIn troubled times like these, wealthy clients may seek financial refuge outside of the U.S. But that could cause more tax and estate problems than it solves.
-
Board Service in Retirement: The Best Time to Join a Board Is Before You RetireMany senior executives wait until retirement to take a seat on a corporate board. But making this career move early is a win-win for you and your current organization.
-
A Financial Professional's Take on Long-Term Care Insurance: Buy or Not?Unless you have about $6,000 burning a hole in your pocket every month, you should make a plan in case you need long-term care. Luckily, you have options.
-
Don't Be a Sucker: The Truth About Guarantor and Cosigner AgreementsThere are significant financial and relationship risks involved if you agree to be a cosigner or guarantor. Make sure you perform your due diligence, and know exactly what you're getting into, before agreeing to such a commitment.
-
The Hidden Risk Lurking in Most Retirement Plans: Human BehaviorWhat's one of the differences between a good financial adviser and a great one? The ability to use behavioral coaching to guide clients away from emotional decision-making and toward retirement success.
-
Addressing Your Clients' Emotional Side: Communication Techniques for Financial AdvisersRather than focusing only on financial plans, you can better serve your clients — and grow your business — by learning what to say and do when a client gets anxious or emotional.
-
Seven Hidden Downsides of Dividend Investing, From a Financial AdviserDividend investing could be draining your wealth with unexpected costs and limited growth potential. Here are some downsides, along with smarter strategies to take control of your retirement income.
