The Age
·australia
·3 hours ago
How the $5.4trn wealth transfer is reshaping retirement and investing
Australians are set to inherit an estimated $5.4 trillion by 2050, significantly impacting retirement and investment strategies. Daniel Shrimski of Vanguard Australia emphasizes the need for careful planning as most inheritances will arrive later in life. Many potential beneficiaries lack investing experience, with 59 percent reportedly having low financial capability, complicating their financial decisions.
Summary by OZbrief · The Age
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