Leaving Your Lasting Legacy Want to do more with your wealth? You might want to consider creating a charitable foundation. Share | Have A Question About This Topic? Name Email Address Question Thank you! Oops! Related Content Paying Tax Later Doesn't Always Mean Paying Less 401(k) savings are taxed as ordinary income when funds are withdrawn. Business Boosters: Can Your Business Survive Without You? If you didn't show up tomorrow, would your employees be able to go it alone? Building Your Legacy A four-step framework for building a personal legacy.