Often, personal tragedy sparks self-reflection. That was the case for Ron and Ginger Askew as they coped with several deaths of extended family members over the past decade.
In each of their family’s situations, one of two scenarios played out: Either children ended up with a large inheritance but few happy memories, or they had a smaller inheritance but a lifetime of memories and laughter. Ron and Ginger want to ensure the latter for their three children and three grandchildren.
Rather than tightly guard assets to maintain life in retirement, the couple’s goal is to create memorable life experiences with family. Specifically, their vision involves spending time with family and friends in their Colorado homes in Vail and Denver, and in their beach house in the Florida Panhandle. They hope to take family vacations, ensure their children have sound financial knowledge and leave them at least one vacation home where they can continue to share memories.
“We don’t want to outlive our money, but we want to create an abundance of life experiences for our children and grandchildren while we’re still alive and can watch them have fun and grow — and while we’re still healthy enough to be able to do all that,” Ron says.