Advertising to Baby Boomers
Baby Boomers
Retirement Resources
HomeĀ & RealĀ Estate
Business & Jobs
Home Page > Retirement Resources

Can Baby Boomers Expect Inheritance for Retirement?

August 28th, 2016
Baby Boomers as a group stand to inherit trillions from our parents.

Can Baby Boomer Generation Expect Inheritance?

Many Baby Boomers, the group of us born between 1946 and 1964 and the largest generation in U.S. history, may have been lulled into a sense of complacency by reports that we as a group stand to inherit trillions from our parents.

But economists who have spent a lot of time researching the transfer of wealth from one generation to the next (intergenerational transfers) reached this wake-up call of a conclusion: the Baby Boomer Generation should not expect to inherit much, if anything, from our parents.

This emerging picture is confirmed by an AARP study, "Baby Boomers Envision their Retirement, An AARP Segmentation Analysis," which found that, "Most boomers will receive a small inheritance, if they get anything at all."

In fact the average inheritance received in 2015 amounted to $48,000, according to AARP, a nice enough figure, but not one to base a comfortable lifestyle on. The really large payouts appear to be reserved for those already at the upper end of the economic scale. When measured as a percentage of wages, we will receive roughly the same amount of inheritance as their parents did.

Not only will inheritances represent very minor additions to Boomers retirement resources, but also their distribution across the recipient population is also likely to be highly unequal. This substantially negates the view that inheritances will redress the shortfall in Baby Boomers retirement assets.

So, what happened to Baby Boomers windfall of as much as $136 trillion that we were supposed to inherit? While it's true that Baby Boomers parents had indeed built up sizable nest eggs over the last 50 years, longer life expectancies, soaring health care costs, long–term care costs, and recently the poor economy have chipped away at these nest eggs, reducing our chances that we will inherit enough to live by our BABY Boomers standards.

Baby Boomers retirement will also be vastly different from our parents. We expect to remain more active, work longer, and travel more and live longer than our parents' generation - therefore expectations are that to maintain our Baby Boomer retirement lifestyle expectations, it will cost us more than our parents.

For us, retirement is more a lifestyle transition than an end in itself. To maintain our standard of living in retirement, conventional wisdom has held that retirees need roughly 65–75 percent of their pre–retirement income, and this figure is likely to increase to 80 or 90 percent as people are living longer and staying more active than in generations past.

The bad news is, Baby Boomers should expect very little in the way of wealth transfer from their parents and we are likely to need more money in retirement than we might be thinking.

The good news is, there's still time for most Baby Boomers to proactively plan and organize our finances so that we may enjoy a secure and fulfilling retirement.

Get a Quote on a New Online Business Website or a Website Makeover

Baby Boomer Magazine,
with due consideration of the present economic situation, 
has committed its investigative and editorial resources
to find individuals and companies of integrity
 as well as products, services and opportunities of quality and true benefit
 of all Baby Boomers in our preparation and implementation of our retirement  
with a desirable quality of life.

Baby Boomer Magazine Does The Research and Screening of products, services and retirement business opportunities expressly for their true value to Baby Boomers - ones that Baby Boomer Magazine can support with our "Baby Boomer Magazine Resource Guarantee".

Baby Boomer Magazine Utilizes our Baby Boomer Resource Partners to educate, consult and if found of value to you, to sell you the products, services or opportunities that truly benefit you as a Baby Boomer.

Baby Boomer Magazine's Resources Partners also represent various products, services or business opportunities that we have found to be of true benefit to Baby Boomers. We Guarantees there will be absolutely NO Hard Sell, NO Obligation, NO SPAM and NO Hassles.

Baby Boomer Magazine does not accept any Advertising Revenue from our Baby Boomer Resource Partners. We only monetarily benefit if you find the product, service or opportunity that is truly of benefit to you.

Retirement Business Information

No Obligation - No SPAM - No Hassles

Your contact information will not be shared with anyone
 not directly related to your specific Baby Boomer interests.
Any requests for information is provided without obligation.
Baby Boomers Rock!
Request Retirement Businesses Information
Specifically for Baby Boomers

No obligation - No Spam

First Name:

Last Name:

Email Address:

Phone Number:


Birth Year:



Article by:
Dean Burns
          - - - ARTICLES - - -
          - - - ARTICLES - - -
          - - - ARTICLES - - -
          - - - ARTICLES - - -
          - - - ARTICLES - - -

Preview Chanel
Put these Articles RSS Feed
 on your Website

 Other Related Articles

Advertise to Baby Boomers
Boomer Healthcare Issues



Baby Boomer Polls
Are you Being Seriously Effected by the Economy?
More Politics
Surveys - Articles - Share Opinions
                            - - - - - - - - - -
                            - - - - - - - - - -

Baby Boomer Article Directory

Baby Boomers 
Baby Boomer Nostalgia 
Retirement Business & Jobs 
Retirement Jobs 
Retirement Businesses
Health & Fitness
Baby Boomer Fitness Guide
Baby Boomer Diet & Health Issues 
Health Products & Suppliments
Baby Boomer Healthcare Issues
Baby Boomer Insurance 
Travel & Activities
Baby Boomer Travel Companions
Boomer RV Travel
Boomer Vacations
Boomer Adventures
Boomer Cruises
Baby Boomer Dating
Baby Boomer Politics
Baby Boomer Pets
Baby Boomer Real Stories
Retirement Resources
Retirement Living
Retirning in Costa Rica
Baby Boomer Investments
Shopping & Selling
Boomer Sports Memorabillia
Entertainment & Reviews
Boomer Music & Concerts
Boomer Movies
Boomer TV
Boomer Theatre
Boomer Experiences
Boomer Dining
Home & Realestate
Retirement Realestate
Realestate in Costa Rica
Home Remodeling

                                           Baby Boomers Business & Jobs | HealthTravelCommunity | RetirementShoppingEntertainment | Real Estate

 Website Design | Terms of Use for our Site | Disclaimer | Recomended Sites | SITEMAP | RSSAdvertising 

Copyright © 2006-2016 Vantage Media Marketing All rights reserved.

Powered by: