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The Numbers Don’t Lie: Seniors Have More Than They Think

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The Numbers Don’t Lie: Seniors Have More Than They Think

It cannot be denied that Americans are getting older. Here are some staggering stats that I keep coming back when considering the aging of America: Over 10,000 U.S. seniors will turn 65 years old every day for the next 20 years; every six seconds, someone turns 50 years old; 55 million people in the U.S. are now 55 or older and 34 million are 65 or older (those last two figures will double); and the over-85 age group is the ...

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Your Family’s Inheritance: Pass It on

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Your Family’s Inheritance: Pass It on

Consider this: According to a news article from the Minneapolis Star-Tribune, a 2010 study by the Center for Retirement Research revealed that as the parents of baby boomers die, their offspring are the recipients of the largest transfer of wealth in the country’s history, an estimated $8.4 trillion.

This can be good news/bad news, as much of what comes with that inheritance may not be quite so valuable. As scions of the Great Depression, the parents of baby boomers often were ...

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