Quote:
Originally Posted by CliffFletcher
The problem with inheritance is people don’t get it an age where it can help them the most. Much of the trillion+ that will be passed down from the Boomers will go to helping their middle-aged kids in retirement. And when kids could most use a gift of money - in their 20s and early 30s - parents often aren’t at a stage themselves where they can provide it. Most people don’t have a large reserves of cash when they’re still paying off a mortgage themselves while saving for retirements. And of course the biggest chunk of inheritance most people pass is from the sale of property, which typically happens once they’re dead.
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We’ve given a lot of money to our kids, aged late 30s and early-40s. My wife’s parents did it for us. We may as well do it when they could most use it.