Gen X Should Prepare Now for the Great Wealth Transfer

As the Baby Boomer generation ages, it’s more important than ever that Gen Xers talk to their family and understand how their wealth situation could change.

A son puts his hand on his father's shoulder as they have a discussion.
(Image credit: Getty Images)

The truth about generational wealth transfer planning is that it’s just as much of a family matter as it is a financial one.

At 18 years old, I packed up my life in Wrentham, Mass., and headed to Ireland to earn my degree at the National University of Ireland, Galway. Coming from a family of Irish immigrants, I expected to connect with my roots and maybe even discover a long-lost relative. I grew to love the place, so I stayed in Ireland after I graduated. I worked there for many years and met my wife there as well. Now, we’re back in Massachusetts and have been married for 10 years with two children, Jack and Saoirse.

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Mark Kenney, CFP®, CTS™
Investment Adviser Representative, SHP Financial

Mark Kenney is an Investment Adviser Representative with SHP Financial ( He is Series 7 & 66 securities licensed as well as Massachusetts Life and Accident & Health licensed. He has also obtained the CERTIFIED FINANCIAL PLANNER™, or CFP®, certification, and was awarded the only nationally recognized tax designation, CTS™ (Certified Tax Specialist™) by The Institute of Business & Finance.