I Can Use My Inheritance To Fund My Retirement

May 27, 2014 2:45 PM
I Can Use My Inheritance To Fund My Retirement
" BOSTON (CBS) – The reality is there may not be much money to inherit from mom and dad.

Today’s retirees are wealthier than previous generations and the media has been reporting for years that there is mega money coming, the greatest intergenerational wealth transfer. But that wealth may not get to the heirs.

And according to The Center on Wealth & Philanthropy at Boston College, there are trillions of dollars that the Boomers could inherit.

But according to a study done by two Federal Reserve economists working for the Bank of Cleveland, Boomers still need to plan on funding their own retirement by saving and investing during their working years because they may not inherit very much from mom and dad.

There are lots of reasons for this "

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