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Giving Up Wealth

Bill and Melinda Gates smile at each other during an interview in Kirkland, Wash. in this Feb. 1, 2019, file photo.
Elaine Thompson
/
AP
Bill and Melinda Gates smile at each other during an interview in Kirkland, Wash. in this Feb. 1, 2019, file photo.

Over the next 20 years an estimated $70 trillion dollars in wealth could transfer from baby boomers to the next generation.

How that transfer occurs, whether to descendants or through philanthropy could be a game-changer.

To that end, Bill and Melinda Gates, along with Warren Buffet in 2010 started a series of conversations with the super-wealthy around the world that led to the creation of the Giving Pledge.

They wanted to set a new standard of generosity to address some of the world’s most pressing issues, such as climate change, medical research and crushing poverty.

We talk about the philosophy, what it looks like in action and how wealth advisors are getting on board.

Guests:

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