Key Points You may be anxious to start raiding the nest egg you've built. Having a withdrawal rate you're comfortable with could ease those fears. Remind yourself why you saved all of that money in the first place. The $23,760 Social Security bonus most retirees completely overlook › A lot of people don't manage to save much, or any, money ahead of retirement. People in that situation are commonly forced to reduce their spending significantly once they stop working. But if you're entering retire ...

“I want my inheritance now.” From forced property transfers to drained pensions, older people are increasingly losing their life savings to family members. https://t.co/LfZh2T8zZ1 ...

Core Insights - The upcoming "Great Wealth Transfer" will see trillions of dollars shift from baby boomers to their heirs over the next two decades, with millennials and Gen Z projected to hold over a third of the world's ultra-wealth by 2040, up from 8% today [1][2] Group 1: Wealth Distribution - Baby boomers currently control over half of America's wealth, approximately $78.5 trillion, representing 51.8% of the nation's total [1] - By 2040, Generation X is expected to hold the largest share of wealth at 45%, while the share of boomers and the silent generation will decrease from two-thirds to just one-fifth [1] Group 2: Scale of Wealth Transfer - The wealth transfer in the U.S. is estimated to be between $68 trillion and $84 trillion, which is about three times the size of the entire U.S. economy in 2023 [2] - Inheritance is identified as the primary driver of this wealth transfer, with many heirs gaining access to wealth earlier due to increased use of trusts [2] Group 3: Generational Wealth Accumulation - Surveys indicate that 55% of millennials and 41% of Gen Z expect to inherit money or assets within the next five years [3] - Younger generations are accumulating wealth in different industries compared to their parents, with nearly 9% of the next generation's ultra-wealthy coming from technology, which is double the share of baby boomers [3] - The hospitality and entertainment sectors account for about 15% of younger ultra-wealthy individuals, contrasting with less than 5% from older cohorts [3] - In finance and investing, Gen Z and millennials represent about 20% of the sector, showing a shift towards private equity, direct investments, and sustainable assets [3] - Real estate remains consistent across generations, with millennials expected to significantly impact the housing market as they gain resources to purchase homes [3]

Core Points - A young man named Jack is pressured by his father to surrender a six-figure inheritance in exchange for a small upfront payment [1] - The trust created by Jack's late grandfather is estimated to be worth between $250,000 and $300,000, with Jack set to inherit it after his father's passing [2] - Jack's father, a lawyer, is offering Jack between $5,000 and $10,000 upfront to release the trust [3] - Financial expert Dave Ramsey criticized the father's proposal as illogical and manipulative, emphasizing the significant disparity between the trust's value and the offered amount [4] - Jack expressed concerns that if his father accessed the full lump sum, there might be no money left for him [4] - The dynamic between Jack and his father was likened to a dangerous situation, with Ramsey warning of potential emotional backlash if Jack refuses [5] Additional Context - The Ramsey Show often addresses financial and family conflicts, providing guidance to callers facing various challenges [6] - In another instance, a caller faced threats regarding family land over financial irresponsibility, highlighting the theme of manipulation in family financial matters [7]

The super-rich call them “trust reveals.” Inside the meticulously planned events where the next generation finds out who inherits the ski lodge. https://t.co/qYbaUOacNc ...

Figurines, coins and model trains. As the $90 trillion Great Wealth Transfer begins, millennials and Gen X aren’t just inheriting money — they’re inheriting their parents’ stuff.@Rovzar breaks it down https://t.co/tzfyLWhI6Z https://t.co/Gxjp73RWia ...

Why are people expecting to inherent anything from their family members? ...

Financial Planning & Wealth Transfer - A client's son, age 40, earns $92 thousand annually and rents an apartment, while the client possesses $5.1 million in assets [1] - The client initially hesitated to provide financial assistance, fearing it would enable the son [1] - The financial planner facilitated a $225 thousand gift to the son [1] - This gift enabled the son to purchase a home with a yard for his children [2] - The planner advocates for gifting inheritance during the beneficiaries' prime years (e g, 35 years old) when they face significant expenses like housing ($500 thousand), childcare ($2400/month), and student loans ($87 thousand) [2] Real Estate & Housing - Rent was costing the son $2800 per month before the home purchase [1] - Housing costs are exemplified by a $500 thousand home [2]

Financial Planning & Wealth Transfer - A client's 40-year-old son earns $92 thousand annually but lives in a rental apartment, while the client possesses $5.1 million in assets [1] - The client was hesitant to provide financial assistance, fearing it would enable the son [1] - The son was spending $2.8 thousand per month on rent [1] - A $225 thousand gift was structured to enable the son to purchase a home [1] Generational Wealth & Timing - The report suggests that children may need financial assistance more at age 35 than at age 65 [2] - The high cost of housing (e g, $500 thousand for a house), daycare ($2.4 thousand per month), and student loans ($87 thousand) create financial pressures for younger generations [2] - The report advocates for giving inheritance while alive to witness its impact [2]

RT Johann Kurtz (@JohannKurtz)Very proud to release 'Leaving a Legacy: Inheritance, Charity, & Thousand-Year Families'.The book addresses a key question: Why should we leave wealth to our children and not to charities?Clarity is necessary. We're on the verge of the greatest wealth transfer in history as the post-war generation nears the end of their lives.A crisis of confusion has gripped our family leaders:Should they leave their wealth to their children, or would this spoil and corrupt them? Should they g ...