Don't Rely on a Large Inheritance

You may not get that large inheritance, since older Americans are living longer, reducing how much they’ll leave behind.

Close up of a last will and testament, calculator and other documents on a table.
(Image credit: Getty Images)

Baby boomers have accumulated significant wealth, in terms of both their home equity and their retirement savings. But if you’re a millennial or Gen Xer, the amount you inherit from your boomer parents may be fairly modest — if you receive anything at all.

That large inheritance may be smaller than you think

Subscribe to Kiplinger’s Personal Finance

Be a smarter, better informed investor.

Save up to 74%

Sign up for Kiplinger’s Free E-Newsletters

Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.

Profit and prosper with the best of expert advice - straight to your e-mail.

Sign up
Ella Vincent
Staff Writer

Ella Vincent is a personal finance writer who has written about credit, retirement, and employment issues. She has previously written for Motley Fool and Yahoo Finance. She enjoys going to concerts in her native Chicago and watching basketball.