
Should I count on an inheritance?
Baby boomers have amassed more wealth than any other generation. Most are well into retirement (in their 70s and 80s) and many are leaving significant sums to their adult children or heirs. According to the Financial Post, baby boomers who plan to leave all of their assets to their millennial children expect to leave an average of $940,000.1 That’s more than many millennials are expecting. With so much money on the way, should you plan on it?