Wealth Transfer: Navigating the $84 Trillion Shift
Update: 2025-11-23
Description
The U.S. is on the brink of an unprecedented wealth transfer, with an estimated $84 trillion set to pass from baby boomers to generations X, millennials, and Z by 2045. This massive shift will significantly impact financial decisions, affecting everything from retirement plans to housing prices. However, many millennials and Gen Z are unprepared, often lacking financial education or extra income for planning. Understanding key tax rules, such as the estate tax exemption and annual gift exclusion, is crucial. Proactive planning, including organizing wills and having open conversations about estate plans, is key for everyone involved.
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