In a recent article from Bank Investment Consultant, Editor Margarida Correia suggests that large amounts of working-age people are hoping to live off an inheritance when they retire. According to Correia’s data, 76 percent of Americans expecting an inheritance will use it to partially fund their retirement. Of those Americans expecting an inheritance, 10 percent of those expectants foresee it fully funding their retirement.
The key word in this equation is “hoping”.