'Great Wealth Transfer' is coming, most Americans aren't ready

Подписаться 1,2 млн

Просмотров 13 тыс.

50% 1

#amercian #genz #millinnials #wealth #yahoofinance
A new Citizens survey finds 72% of Americans are unprepared to manage a large financial windfall. With Baby Boomers expected to transfer $84 trillion to younger generations in the next 20 years, how can Americans best prepare for the so-called Great Wealth Transfer? Citizens Bank Head of Consumer Banking Brendan Coughlin joins Wealth! to give insight into how Americans can prepare for this significant transfer of wealth. Coughlin claims the first step toward preparedness "requires parents and their kids to really start to build this conversation together, talk to the advisor that your parents have. If they have one, build that transfer of trust between the advisor. Are they still going to be your advisor when your parents ultimately pass on their wealth? So getting prepared so you're not playing reactive defense." For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino
Yahoo Finance: Market Coverage, Stocks, & Business News
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
- Get the latest news and data at finance.yahoo.com
- Download the Yahoo Finance app on Apple (apple.co/3Rten0R) or Android (bit.ly/3t8UnXO)
- Follow Yahoo Finance on social:
X: / yahoofinance
Instagram: yahoofinanc...
TikTok: www.tiktok.com/@yahoofinance?...
Facebook: / yahoofinance
LinkedIn: / yahoo-finance

Опубликовано:

17 май 2024

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист

Посмотреть позже

Комментарии : 54

@softy-bf5eg 21 день назад

I typically invest half my income in stocks monthly and hold for at least five years. However, my portfolio recently experienced a significant loss of around $150k. What should I do?

@marlisamirabal 21 день назад

There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.

@TitaAnderson 21 день назад

I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.

@Cammimullens 21 день назад

I actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your coach?

@TitaAnderson 21 день назад

Just research the name Angela Lynn Shilling. You’d find necessary details to work with a correspondence to set up an appointment.

@Cammimullens 21 день назад

My needs are kind of unique and complex. I'll contact her nonetheless, and I hope I'm able to make something out of it.

@paulmeier3462 22 дня назад

A financial advisor talking about people getting bad advice. Where did they get the bad advice from? In my experience it was from financial advisors who were more interested in selling products than helping me to maximize my returns. Best thing anyone can do is become financially literate and not listen to advisors.

@zNervouss 22 дня назад

Wealth Management advisors will be out of business.

@AllisonJones-nk2dq 22 дня назад

Building wealth involves good habits and risks like putting money into solid investments like digital currencies,having a good financial manager is what people tend to shy away from,and it keeps hunting them in the near future after many losses, be disciplined and get certified advisor, I pray that anyone reading this will be successful!!!

@annelove3626 22 дня назад

Thank so much for the advice been seeking means of being successful in the digital market,do you recommend any professional ?

@AllisonJones-nk2dq 22 дня назад

I don’t really do but luckily Anna Dorris Arthur is the best I can recommend so far..

@annelove3626 22 дня назад

Hey everyone! 👋 Just starting my investment journey in crypto and stocks. 🚀 how do I reach Anna Dorris Arthur? Let’s grow together.

@AllisonJones-nk2dq 22 дня назад

+1838

@abrahamgomez653 22 дня назад

The Great Wealth Transfer .....transfer all wealth to 1%.

@free-qe6wx 22 дня назад

Unfortunately for financial wealth advisors, the majority of the Great Wealth Transfer is going to Gen X. Millennials are 15+ years out.

@user-rs6bk5li7n 20 дней назад

Buying Bitcoin & Ethereum is how we prepare.

@mohammadshoaib1432 22 дня назад

Do you think Revux will pump before XRP?

@tommyg5261 9 дней назад

Unfair....

@chessdad182 22 дня назад

Trust in RU-vid ;-)

@superblondeDotOrg 21 день назад

"You need to find someone to trust. Trust me, the financial manager." How about Hellll No. !!

@ShikhaKumari-jv3gm 22 дня назад

Clearing out all my Alts going into BTC and Revux only, maybe a little BNB and SOL

@WillieArnoldad 22 дня назад

There's a buzz around Revux, and rightfully so.

@Angelia-Jocelyn 22 дня назад

My picks for next 3 months period are INJ and FIL. But also, guys do not miss Revux presale, is almost over.

@manumishra7012 22 дня назад

Dude, you need to get Revux NOW!

@GyanaranjanNag-ks6di 22 дня назад

My top picks for bull run are DOT, FIL, and SOL. And best ICO to invest is Revux, huge potential.

@IvyElizabethar 22 дня назад

Revux is one of the rare moonshot AI project out there, must check!

@SarahAngelara 22 дня назад

Do not underestimate the power of getting in early. If you are not in Revux now, you are lagging behind.

@douglassalone4758 22 дня назад

It’s the haves vs the have nots

@stevenr5149 22 дня назад

greatest wealth transfer for the Billionaires. This is gaslighting. Not me-or anyone I know. 50% of Americans have less than $500.00 in savings. Do you have a "wealth manager"? Recommendation--start reporting on the 99%.