Today's seniors are spending more, for both planned and unplanned expenses, leaving less for their heirs to receive as an inheritance. They are leaving some money, but financial planners warn the next generation not to count on a windfall to help fund their own retirement.
Blake Ellis, an NEFE/RTDNA Personal Finance Reporting Award winner, writes for CNN Money that although the U.S. ranks highly for transferring inherited wealth, the average family can spend tens of thousands of dollars in the final years of life, according to an Ameriprise Financial survey.
Are your readers/listeners/viewers prepared for retirement, with some funds set aside for the unexpected? Talk with financial planners in your market about strategies your audience can start using today, to be ready whether an inheritance comes their way or not.
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Blake Ellis won her NEFE/RTDNA award for her series on the impact of marriage laws on the personal finances of same-sex couples.
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