Quote:
Originally Posted by troutman
We will see a big wealth transfer now from seniors to their adult children in the coming years.
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A family friend husband's parents passed within the last couple of years. They had a large scale farm in central Alberta and it passed to several kids. Some wanted to keep the farm, but not all. In the end it was sold and proceeds distributed. This dude took his cash and dropped about $125k on a "nice truck", a bunch of home toys, upgraded their home (ie moved), and now doesn't have much to show for it in terms of moving their retirement date. They did not consider the "opportunity cost" of blowing the money on material/consumerism versus a potential not-so-distant-future reduction of work and life stress. Their decisions for sure, and not one I would have made.