I'm a boomer who's not leaving my kids an inheritance. How do I break the news to them?
A baby boomer couple is seeking advice on how to inform their adult children that they do not intend to leave an inheritance. The parents plan to spend their savings on their own retirement and lifestyle rather than passing wealth to their financially stable children.
Why it matters
This reflects shifting cultural attitudes toward intergenerational wealth transfer and the 'spend-down' philosophy among retirees.
The offers and details on this page may have updated or changed since the time of publication. See our article on Business Insider for current information. A reader (not pictured) asks how to tell their children that they don't plan on leaving them an inheritance. Curly_photo/Getty Images For Love & Money is a column from Business Insider answering your relationship and money questions. This week, a reader's kids incorrectly believe they're getting a large inheritance. Our columnist says to loop them into their plans, and to focus on the memories they'll leave behind. Dear For Love & Money, My husband and I are in our 60s, the baby boomer generation . Due to hard work over the course of our adult lives, we've been able to comfortably retire. Because my husband and I set them up for success, our two kids, now all grown up, are doing quite well.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in