It’s Probably Going to Be Less Than You Think
If you’re thinking that you’ll get an inheritance someday and don’t have to save for yourself now, think again.
“There are way too many adult children I see who are looking at Mom and Dad’s estate as their ticket to a secure retirement,” says M. Holly Isdale, an estate planner in Bryn Mawr, Pa. “But with people living longer, much of the money is likely to be spent.”
Oh, and this:
Even the affluent are pulling back. Among those with $250,000 or more in investible assets, only 41% said preserving inheritances was a top concern, down from 54% in 2009, according to a Merrill Lynch survey released earlier this year.
Plus, the whole “sandwich generation” thing. Here’s the full article.