Hedge fund manager reveals surprising best time for parents to pass money onto children

A hedge fund manager has said parents should be leaving money to their children during their peak years, as he urged people: “Don’t wait until you die.”
Bill Perkins, author of “Die with Zero,” which explores how best to spend your income, weighed in on how you can provide for your children’s future – while also enjoying the fruits of your labor.
“You know, life is about net fulfilment, about having a fulfilling ride. I mean the destination is always a grave,” Bill Perkins told Fox Business.
“So we have to enjoy the journey.”
He went on to explain why it’s best to share your money earlier in life.
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“We want to use all our resources before we die. We don’t want to go to work and have no reward, so it makes sense to spend that capital that you get from working before you die,” he said.
Perkins noted that while you don’t have to leave anything to loved ones, doing so could help you achieve the most important goal: of being fulfilled.
“What I really talk about is when you should give money to your kids, because the same physics that govern our lives, like we’re all going to die, and we’re all going to decay, and our ability to convert that money into meaningful experiences or things we’re going to enjoy, deteriorates as we age,” he said.
“I say, don’t wait until you die.”
Perkins believes that the best age for people’s children to be handed down money is 28 and 33, when they’re mentally and physically mature.
“After that, it’s plateauing downhill,” he added, referring to age.
Perkins said when it comes to his own children, he would allocate funds when the time is right.
“I’ve listened to my own advice and I’ve, you know, done the thing that I think is going to have the most impact on their lives in my lives, and I get to enjoy seeing them use it and having a more meaningful impact on their life, not when they’re 65 or 80,” he said.