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Why you shouldn't count on inheriting money for retirement
Original: Why you shouldn’t count on inheriting money for your retirement
The Washington Post argues that counting on an inheritance to fund retirement is a risky plan. Reasons include rising longevity, which means parents may need their savings for longer, the possibility their money goes to healthcare costs, uncertain timing, and family circumstances that can change. The piece suggests savers build their own retirement funds rather than assume money will arrive.
Why now: Growing concern among aging savers about whether inheritances will materialise amid longer lifespans and rising care costs
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Evidence
- Why you shouldn’t count on inheriting money for your retirement · The Washington Post
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