Terry Nelson photo

Terry Nelson, CFP®, ChFC®, CASL, LUTCF®

 

Olmsted Financial Group

3428 Lakeridge Pl. N.W., Suite 120

Rochester, MN 55901

 

Phone:  507-281-1262

Cell:      507-250-3967

Fax:      507-281-9131

 

Email: Terry@OlmstedFinancialGroup.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%


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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