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Baby boomers and millennials face an 'intimidating' task as stocks trade near record highs: Morning Brief

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Generational Wealth News

Baby Boomer,Cannes Lions,Nvidia

Now is as good a time as any to ask your parents about their wealth. You have nothing to lose, and a lot to gain.

Similar to most millennials, I have no clue about the wealth of my baby boomer parents. Like, zero idea. None. Zilch. Nada.

"It's completely uncomfortable. It's also intimidating," Hassan said of the money conversations between boomers and millennials. More than $53 trillion will be passed down from baby boomer households, representing 63% of all transfers. "More and more clients are opting to make wealth transfers to their children while they are living instead of waiting until they pass, because they can enjoy seeing the impact of their gifts when the kids need it most," said. Tips on deals, mergers, activist situations, or anything else? Email brian.sozzi@yahoofinance.com. Are you a CEO and want to come on Yahoo Finance Live? Email Brian Sozzi.

 

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