The term “generational wealth” can be confusing. What does it even mean?

According to Fidelity’s July 2025 “State of Wealth Mobility” survey, most Americans hope future generations become better off financially than they are. Reasons cited to pass on a financial legacy, or generational wealth, include:

• To assist future generations with the costs of higher education, homes, property and other significant expenses
• To allow future generations to pursue careers they desire, rather than jobs needed to financially survive

During Fidelity’s Thursday, Nov. 13 “Insights Live”: How to Talk to Your Family about Estate Plans” webinar, you’ll learn how to initiate conversations with your family about estate planning and discuss actionable strategies to help you build and pass on generational wealth.

Specific topics will include:

• How to develop an estate plan and keep it current
• How to set legacy goals, gifting strategies and plans for passing on assets such as real estate or heirlooms
• How to discuss emotional topics, such as why certain individuals were selected for roles including executor or trustee
• How to prepare a next generation to be good stewards of family assets
• How to handle the unique challenge of blended families and generational assets

Register for “How to Talk to Your Family about Estate Plans,” which is free and open to the public.

Learn by Livestream

Fidelity and TIAA also offer live and on-demand events each month so you can learn more about topics of your interest. These online events are free and take place on Eastern Time.

Fidelity

Creating Your Investing Game Plan
Wednesday, Nov. 5; 1-2 p.m.

Former pro football player Tim Tebow will share his personal experience with money, including the lessons he learned from acquiring wealth at a young age and his approaches to achieving difficult goals and managing risk.

During the free webinar, you’ll learn how to:

• Set goals and create an investing strategy
• Build a portfolio
• Level-set on risk and ways to help reduce it
• Create foundational investing strategies
• Stay on track over time

Women Talk Money: Your Future, Your Money, Your Way
Wednesday, Nov. 12; 2-2:45 p.m.

Join actress, author and entrepreneur Brooke Shields and the Fidelity team to discuss going after what you want, embracing the moment and betting on yourself every day in work, money and life. Shields will share lessons learned over the course of her iconic career, and what excites her about life in her 60s. You’ll also learn how to chart your future goals and determine what you really want to accomplish financially.

To view more educational events, go to fidelityevents.com/allevents/special.

TIAA

TIAA offers a curated library of on-demand webinars that address three main subjects: 

• Save for your goals
• Manage your finances
• Protect your future

To explore TIAA's webinar library and view events that interest you, go to the TIAA webinar scheduling page. 

Check In to Check Out

Events are great ways to increase your financial knowledge, but they can't replace personal connection with your TIAA or Fidelity retirement specialist. You can meet with a strategist virtually, by phone or in person for optimal convenience. Evolving technology allows them to screen-share so you can see your account information in real-time.  

To schedule your one-on-one appointment:

• Visit Fidelity's scheduling page or call (800) 642-7131, weekdays from 8 a.m. to midnight. Fidelity offers appointments exclusively for U-M employees every Tuesday from 8:30 a.m. to 5 p.m.
• Visit tiaa.org/schedulenow or call (800) 732-8353, weekdays from 8 a.m. to 10 p.m.

Help at MHealthy

MHealthy also offers several resources to assist faculty and staff with improving their financial well-being. These include education programs and resources, coaches, and immediate assistance for those who need help now.