Monday, May 29, 2017
Intergenerational wealth is among the key ingredients for retirement security. A recent study shows that loans and gifts received from relatives as an adult are usually a precursor to an inheritance later in life. Those individuals who receive these transfers tend to be better prepared for retirement and enjoy much more flexibility in their retirement decision-making.
See Christopher Robbins, Wealth Transfers Boost Retirement Readiness, Social Inequality, Financial Advisor, May 19, 2017.
Special thanks to Joel Dobris (Professor of Law, UC Davis School of Law) for bringing this article to my attention.