Quote:
Originally Posted by Thunderball
The baby boomers are also the most heavily indebted generation in history. I think most people will be very surprised how little they will be getting from inheritance after lifetime healthcare costs, capital gains on real and investment properties, RRSP/RRIF taxation, debt repayment, estate administration, professional fees and in many cases, estate litigation.
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That is already factored into wealth calculations - sure, there is a lot of debt out there, and a lot of people whose debt eats up or dwarfs their savings. However, there is still an incredible amount of wealth stored up by boomers.