Question: We're 60 with $550K saved and still paying for one kid's college and our mortgage. We know we'll inherit $3 million when my 92-year-old father passes away. Can we retire now, even though we can't technically afford it?
Answer: By 2048, an astounding $124 trillion is expected to change hands. It's being dubbed the Great Wealth Transfer, and it could be a game-changer for folks who stand to inherit a large sum.
