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250 Osborne Road, Colonie, NY 12205

Phone: 518-438-1835

 

Website: www.bonannofinancialadvisors.com

July/August 2024

What Will They Do With Their Inheritance

What Will They Do With Their Inheritance

The children of Baby Boomers are set to inherit significant wealth from their parents over the next decades.


How do they plan to use their inheritance?

  • Pay off debt: 37%

  • Supplement retirement savings: 35%

  • Pass it to others: 26%


And how do they feel about handling their inheritance?

  • Very comfortable handling a windfall: 39%

  • Not prepared to handle a windfall: 58%


Source: Dailymail.com, October 2023


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