Tips for Making the Most of Your Inheritance
Submitted by Miller Financial Group | Red Oak Iowa Financial Advisor on March 30th, 2021
By Dan Miller, CFP®
Baby boomers in the U.S. are set to bequeath $68 trillion in wealth by 2043, as part of the Great Wealth Transfer. Much of that will be left to Generation X and millennial heirs. If you expect to receive an inheritance, planning ahead for how you will use the wealth and account for any taxes will help you make the most of your windfall.
