Making money: What the experts say

The disappearing inheritance; Finding value in spin-offs; Planning a financial tune-up

The disappearing inheritance

Bad news, baby boomers, said Anne Tergesen in The Wall Street Journal. Many of you “won’t be getting as much of an inheritance” as you hoped. What’s worse, you’ll probably have to tap your own savings to help “cash-strapped parents make ends meet.” With longer life spans, rising costs for health and long-term care, and roller-coaster markets, many elderly parents are outliving the savings they once hoped to pass on to their children. “There are way too many adult children I see who are looking at Mom and Dad’s estate as their ticket to a secure retirement,” says estate planner M. Holly Isdale. “But with people living longer, much of the money is likely to be spent.” Financial advisers say it’s important to talk openly and early about what can be an uncomfortable topic, especially if parents anticipate running short of money.

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