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   an.rush-limbaugh   
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   From: siya.biden@assholes.us   
      
   On the cusp of the greatest generational wealth transfer in history, baby   
   boomers are set to pass more than $68 trillion on to their children.   
      
   “It’s a generation that has accumulated a greater percentage of wealth   
   than any other generation ever has,” said Mark Mirsberger, a certified   
   public accountant and CEO of Dana Investment Advisors, referring to   
   boomers.   
      
   But they may not be handing down as much as their children think.   
      
   Studies show a growing disconnect between how much millennials expect to   
   inherit in the “great wealth transfer” and how much aging boomers plan on   
   leaving them.   
      
   More from Personal Finance:   
   35% of millionaires say they won’t have enough to retire   
   Just 12% of adults, and 29% of millionaires, feel ‘wealthy’   
   Strategies to navigate the ‘great wealth transfer’   
      
   More than half, or 52%, of millennials who are expecting to receive an   
   inheritance from their parents or another family member said they expect   
   to receive at least $350,000, according to a recent survey of more than   
   2,000 adults by Alliant Credit Union. But 55% of baby boomers who plan to   
   leave behind an inheritance said they will pass on less than $250,000.   
      
   Part of the discrepancy is “wanting to make sure people have enough money   
   to live on before they start gifting,” taking into account their own life   
   expectancy, long-term care and other considerations, said Susan Hirshman,   
   director of wealth management at Schwab Wealth Advisory in Phoenix.   
      
   “There are a lot of what ifs,” she added.   
      
   Tack on inflation, geopolitical uncertainty and fears of a recession, and   
   boomers suddenly may be feeling less secure about their financial standing   
   — and less generous when it comes to giving money away.   
      
   Less than one-quarter, or 23%, of adults said they felt “very comfortable”   
   about their finances right now, according to a separate report by Edelman   
   Financial Engines. Fewer — just 12% — consider themselves wealthy.   
      
   Another growing issue is financial independence, the Edelman report found:   
   85% of parents said they value autonomy, but 4 in 10 are still supporting   
   their adult children financially.   
      
   “As parents, we are struggling with how to support our kids,” said Jason   
   Van de Loo, head of wealth planning and marketing at Edelman Financial   
   Engines.   
      
   At the same time, views of inherited wealth are changing, Hirshman noted.   
   Parents may feel less inclined to pass on large sums of money, she said.   
   The mentality is “I earned this and so should you.”   
      
   Act like a Democrat, kiss your inheritance goodbye.   
      
   https://www.cnbc.com/2022/12/09/great-wealth-transfer-why-millennials-may-   
   inherit-less-than-expected.html   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)