We’re in the midst of a great wealth transfer, but if you’re inheriting an IRA there are a few common mistakes that could drain your windfall. By 2048, boomers and the Silent Generation are expected to transfer $124 trillion, according to Cerulli Associates’ U.S. High-Net-Worth and Ultra-High-Net-Worth Markets 2024 report. (1) Of that, charities are expected to receive about $18 trillion while Gen X and millennial heirs will receive the remaining $105 trillion. Along the way, $54 trillion will be passe ...

Core Insights - Nearly half of Hong Kong residents are concerned about the longevity of their wealth, with 44% fearing their wealth will not last beyond their children, and only 14% believing their children will adhere to their legacy wishes [1][2] - The survey indicates a significant worry about potential conflicts over assets, particularly among high net worth individuals, with 64% expressing such concerns [3] Wealth Transfer Concerns - 54% of respondents worry about conflicts over their assets, with a notable 64% among high net worth individuals with investable assets exceeding US$1 billion [3] - A low level of preparedness for wealth transfer is evident, as only 12% of respondents felt fully prepared for their death, while 49% had no plans at all [5] Market Trends and Product Demand - The current financial market instability has led to increased demand for trust-like insurance products, allowing affluent individuals to allocate assets based on the heir's age [4] - Sun Life plans to focus on the retirement market and explore opportunities in the silver economy, anticipating that one in three Hong Kong residents will be aged 65 or above by 2039 [6] Strategic Focus - Sun Life aims to diversify its strategy by serving mainland Chinese clients, local residents, and high-net-worth individuals, responding to the risks in the capital market [7]

When it comes to helping your kids financially, most boomers face a tricky question: how do you transfer money without the IRS taking a huge cut? Read More: How Much You Need To Earn To Be Upper Middle Class in Every State Discover Next: How Middle-Class Earners Are Quietly Becoming Millionaires — and How You Can, Too I talked with Lance Morgan, financial expert and founder of College Funding Secrets, to find out the smartest strategy. His answer centered on a specific dollar amount that caught me off gu ...

[music] [applause] I love talking about a topic that most people try to avoid. It's something that affects every single person in this room. Where we live, where we work, where we play, how we care for ourselves and others.It even shows up when we're scrolling through social media. Can you guess what it is. It's money.Money affects every single part of our lives. Yet, most of us don't talk about it, even with the people closest to us. We'll talk about everything else.Our family drama, our mental health, our ...

The majority of people in the United States build their wealth and their financial future with the equity of their home. >> A consumer horror story that's becoming all too real for thousands of homeowners. >> And these zombie mortgages are robbing people of the equity.Mortgages that they thought were paid off a long time ago are actually coming back to haunt them, putting some at risk of ending up on the street. >> We know it's tens, if not hundreds of thousands of these loans are still out there on the boo ...

Core Insights - The article discusses the implications of using a 401(k) to pay off a mortgage, highlighting both benefits and drawbacks. Benefits of Paying Your Mortgage Faster - Utilizing a traditional 401(k) to pay off a mortgage can eliminate monthly mortgage payments, significantly enhancing monthly cash flow, potentially by thousands of dollars [3] - Paying off a mortgage early can save homeowners tens of thousands of dollars in interest over the life of the loan, making it an appealing option [3] - Transferring wealth to heirs can be easier and less costly when a house is involved, as it can pass tax-free, unlike a 401(k) which incurs taxes upon withdrawal by heirs [4] - The cost basis of a house steps up to its current market value upon the owner's death, allowing heirs to potentially avoid capital gains taxes, resulting in significant tax savings [5] Drawbacks of Using Your 401(k) - Generally, withdrawing from a 401(k) to pay off a mortgage is not advisable, as the investment returns in a 401(k) often exceed the interest rates on mortgages [6] - Even conservative 401(k) allocations typically yield at least 5%, while many mortgages cost homeowners less than 5%, making the financial decision questionable [7] - Withdrawals from a 401(k) are subject to ordinary income tax, which can significantly reduce the effective amount available for mortgage payoff, especially for those in high tax brackets [7]

Group 1 - Robinhood Markets, Inc. (NASDAQ:HOOD) is recognized as a significant player in the online brokerage space, attracting millions of investors and being described as a "bell cow" of the current market rally [1] - The company offers a comprehensive financial platform that allows users to trade various assets, including stocks, ETFs, options, and cryptocurrencies, while also providing cash management and educational tools [1] - Jim Cramer highlighted Robinhood's performance in 2025, emphasizing its appeal to younger investors and its role in the ongoing wealth transfer from older generations [1] Group 2 - There is a belief that while Robinhood has potential as an investment, certain AI stocks may present greater upside potential and lower downside risk [2]

RT 0xMarioNawfal (@RoundtableSpace)This was one the largest and fastest wealth transfers in history https://t.co/Rdpjn37x4Q ...

Core Insights - Medicus Pharma Ltd. will participate in a panel discussion at the Family Office Summit in Dubai, focusing on the theme of "Unlocking the $1 Trillion Wealth Transfer in Dubai" [1] Company Overview - Medicus is a biotech/life sciences company dedicated to advancing clinical development programs for novel and potentially disruptive therapeutic assets [1]

Group 1 - Robinhood Markets, Inc. is recognized for being significantly ahead of its competition in the financial services sector, particularly appealing to younger generations [1] - The company has successfully expanded into various financial categories and aims to become a comprehensive financial services platform [1] - An estimated $100 trillion is expected to be transferred from the baby boomer generation to younger generations over the next few decades, positioning Robinhood as a major beneficiary of this wealth transfer [1] Group 2 - Robinhood offers a financial platform that allows users to trade stocks, ETFs, options, gold, and cryptocurrencies, along with features like fractional trading and margin access [2] - The stock is currently trading at over 70 times next year's earnings, indicating a high valuation, but any price weakness is viewed as a potential buying opportunity [1]