America is anticipating the greatest personal finance shift in history: During the next 23 years, an inconceivable $124 trillion will be transferred from baby boomers and older generations to heirs, widows, and charities.
The dramatic shift is called the Great Wealth Transfer, and women are set to get the majority (70%) of that inheritance, according to Bank of America. While that may sound like welcome news, women could fall behind in the $124 trillion Great Wealth Transfer because of poor financial planning, several finance experts said at the Fortune Most Powerful Women Summit in Washington, D.C., on Tuesday.
