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Kiplinger
Kiplinger
Business
Maurie Backman

We're 65 With $3.9 Million. Should We Give Our Adult Children Their Inheritance Now to Pay for Daycare and Buy a Home?

(Image credit: Getty Images)

Question: We're 65 with $3.9 million saved and plan to retire in two years. Our 30-something children are struggling with daycare costs while trying to save for a home. Should we give them an advance on their inheritance?

Answer: In the next 20 years or so, roughly $124 trillion in assets is expected to change hands as part of the aptly dubbed "Great Wealth Transfer."

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