Great Wealth Transfer expected to bring $72 trillion inheritance in the next 20 years.
From Yahoo Finance: 2025-05-31 07:56:00
Americans are set to inherit $72 trillion in the next 20 years, leading to a Great Wealth Transfer. Lack of communication about estate planning is a problem, as many do not discuss their plans. Inheriting a windfall requires thoughtful management to secure your financial future.
Options include investing in an retirement portfolio, as 40% of Americans are behind on retirement savings. Diversifying your portfolio is crucial, with options like S&P 500 index funds and gold investments to stabilize your retirement fund.
Real estate is another way to diversify your portfolio. Platforms like Homeshares offer access to the U.S. home equity market for accredited investors. For non-accredited investors, crowdfunding platforms like Arrived provide access to rental homes and vacation rentals.
Consulting a financial advisor is key when managing a windfall. They can help you navigate tax implications and investment strategies. Platforms like Advisor.com connect you with vetted advisors to develop a plan for your new wealth, ensuring you make the most of your inheritance.