Practical Money Skills: Don’t count on an inheritance

The Practical Money Skills newsletter has this article today: Don’t count on an inheritance.

Earlier this decade, headlines blared that trillions of dollars soon would begin changing hands in the largest wealth transfer in history, as depression-era parents began passing along their nest eggs to Baby Boomer offspring. Fast forward a few years and all bets are off.

If you are among those expecting to build your retirement security on the foundation of a robust inheritance, you may want to rethink that strategy. Here are a few reasons why many seniors are revising their estate distribution plans: …

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From Monroe on a Budget.