The Great Wealth Transfer

Dec 20

With half of the wealth in the United States resting in the hands of the Boomer generation, the landscape is set for a shift as they age. In this episode, we discuss the complexities of the great wealth transfer, explaining potential pitfalls, the crucial consideration of taxes during the transfer, and the misconception that money alone can solve all problems.

Listen in as we explore the importance of passing along not just assets, but also intentions and wishes, offering a perspective on the legacy of wealth beyond its monetary value. If you are someone who is planning on transferring your wealth to your children or loved ones, this episode provides a guide to understanding the things you should have in place to ensure a smooth wealth transfer.

What You’ll Learn:

What the great wealth transfer is.
What generation holds the most wealth.
The potential pitfalls of this wealth transfer.
Why it is important to think about taxes during the wealth transfer.
How money can cause problems.
The importance of having documents, such as a will, in place.

Ideas Worth Sharing:

“Half of the wealth in the United States of America is in the hands of the Boomers.” - Matt Stahl
“People often assume that money can solve problems and a lot of good can come from it, but the opposite can also be true.” - Matt Stahl
“Pass your wishes along with your assets.” - Brad Gotto