Everand Logo

Welcome to Everand!

  • Kiplinger

    Why You Should Never Count on An Inheritance

    by Joseph C. Conroy, CFP, Financial Adviser, Synergy Financial Group Sep 30, 2019 3 minutes

    A dangerous misconception about inheritances has gripped the Millennial generation. It threatens to imperil the future of many young people. Over half of young adults (53%) believe they will receive an inheritance, according to a recent Charles Schwab survey. However, most of those who believe they will inherit money or property never do. Between 1989 and 2007, only 21% of those who expected an inheritance actually received one, the survey showed.

    Clearly, relying on an inheritance is not sound financial planning.

    A responsible financial plan should be built around the assumption that no inheritance is forthcoming.

    You’re reading a preview, subscribe to read more.

    More from Kiplinger

    Kiplinger2 min read
    Stock Market Today: Dow Officially Enters a Bear Market After Monday's Slide
    Selling in the stock market picked right back up Monday, and despite a brief mid-morning push into positive territory, the major indexes still ended lower.  "Despite a quiet global economic data front, this weekend and Monday morning have been anythi
    Kiplinger3 min read
    19 Best Stocks to Buy Now for High Upside Potential
    If the goal is to find stocks to buy when prices are lower rather than higher, it stands to reason that the time to go looking for the best stocks to buy is right now.  After all, the market is off by more than a fifth so far this year, which means i
    Kiplinger3 min read
    I’ve Inherited a Lot of Money. Now What?
    It’s no surprise that many people who inherit millions of dollars are uncertain about what to do with their newfound wealth. The possibilities of becoming a multimillionaire overnight can be overwhelming, especially during a period when most are grie

    Related Books & Audiobooks