Wednesday, February 06, 2008

 

Big Boomer Windfall Not Materializing the Way Many Planned

The much ballyhooed $17 trillion that is supposed to change hands over the next 20 years may be far less, because of longer life expectancies, increased medical costs and estate taxes.

"The World War II generation wealth transfer has been less impressive than many predicted and it likely will not grow much further," a new Consumer Wealth research report by Tiburon Strategic Advisors says.

Big Boomer Windfall Not Materializing the Way Many Planned
Source: CBS MarketWatch

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