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Then this item from insurer
A new study done for
Parents have accounted for 63 percent of the inheritances and 74 percent of the dollars turned over so far. Grandparents of Boomers were the second-biggest source.
According to its research, about two-thirds of Boomer households will receive some inheritance with the median amount being
The average inheritance varies widely based on a Boomer’s income. Those in the top 10 percent will receive an average inheritance of
The estimates are based on 2007 data, so they don’t measure the impact of the housing and financial crises on how much the Boomers’ parents and grandparents have left to turn over.
Whatever the amount,
Not to mention the likelihood a Boomer will be disinherited for behaving badly.
“Boomer households should not count on anticipated inheritance and forgo the need for increased financial planning and retirement saving,” Ms. Timmerman said.
Anyone who thinks the froth has gone out of the stock market might want to see what was on tap at
Shares of the brewer of
In its formative years,
Last week’s action continued a good run for
Earnings fueled the first leg of
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