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Altruistic Achievers

 
 
Illustrations by Brandy Kesl

These are the do-gooders of the bunch. Most of us can learn from them. Roughly 17% of the wealthy* population is composed of the philanthropists who share these qualities.

  • Average age: 54
  • Achieved wealth through work, some inheritance, good investments, owning a business, and living below their means
  • Self-made, driven to succeed, work hard, take risks
  • Use their wealth to help the less fortunate
  • Lack the time, interest, and know-how to manage finances; rely on professional management
  • Lost the most in the bear market
  • Only one-quarter plan to retire completely

*Wealthy is defined in this survey as $1 million or more in net worth, not including the primary residence.

Source: The Phoenix Companies Inc.

 
   
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