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Recent Posts
Is Social Security Going To Run Out In Your Lifetime?

We get regular updates on the Social Security trust fund. In early May, the Social ...

The post Is Social Security Going To Run Out In Your Lifetime? first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

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Thriving on the Uncertainties In Investments

We all like surprises, right? Well not exactly. We like the surprises that we want. ...

The post Thriving on the Uncertainties In Investments first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

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9 Facts About Retirement

Retirement can have many meanings. For some, it will be a time to travel and ...

The post 9 Facts About Retirement first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

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Study Shows Half of Millennials and Gen Z Relying On Financial Windfall Or Inheritance To Achieve Their Goals

October 20, 2022

Many people set financial goals, but reach them in different ways. Some work and save money early on in their career for things like a down payment on a house. Others rely more on support from parents or from starting a business to help achieve their personal financial achievements.

One other way to work towards bigger financial goals is to use a sudden influx of a lot of money and direct it towards one goal or across numerous things at the same time. For example, receiving an inheritance can open a lot of doors for someone who is smart about the strategy for managing that new money.

Since the start of the pandemic, millennials and Gen Z are the most likely group to receive or give a wealth transfer. While millennials and Gen Z are those most likely to get a financial windfall, they’re also most likely to give one.

Age has been a significant differentiator in determining what encourages people to use wealth transfers since the beginning of the pandemic. 28% of millennials receive or gave a wealth transfer to address immediate life events or needs, such as major purchases, significant life events, economy related factors, and personal financial factors. For those between the ages of 35 and 54, or over 55, wealth transfers are most commonly prompted by the death of a friend or family member.

If you’re thinking about how best to support your loved ones and are thinking about making a wealth transfer now or as part of your estate planning process, it’s a good idea to discuss your individual goals with an experienced and knowledgeable financial professional.


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Schedule your free Exploratory phone call

Click here to see how we
can be of assistance.

Careers/Open Positions

Explore all available job
listings and become a part of an amazing team.

Our Social Media

Connect with us on Social Media using the following buttons:

Visit our Podcasts

Listen in, Join the Conversation!

Recent Posts
Is Social Security Going To Run Out In Your Lifetime?

We get regular updates on the Social Security trust fund. In early May, the Social ...

The post Is Social Security Going To Run Out In Your Lifetime? first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

See more
Thriving on the Uncertainties In Investments

We all like surprises, right? Well not exactly. We like the surprises that we want. ...

The post Thriving on the Uncertainties In Investments first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

See more
9 Facts About Retirement

Retirement can have many meanings. For some, it will be a time to travel and ...

The post 9 Facts About Retirement first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

See more