Tag Archives: retirement. lifestyle

Inheritance – the retirement plan

Are you planning to inherit a large sum of money? Are you basing your retirement plans on it? This was one of the much talked about strategies in the early 2000’s.  Some people may, unfortunately most of us will not.  A decade back, studies figured a $40 trillion windfall was heading to the boomers. That’s been whittled down to a “paltry “$6 trillion in more recent research. Even that lower figure is heavily concentrated in “the one percent.”
An AARP study estimates that 80 percent of boomers will get nothing, and only about 1 in 15 would get as much as $100,000. Gee, maybe back to the financial planning drawing board?  And what about the other avenues of life that need planning – I’ll talk about those soon.