Consider these three facts:
- Americans held $7.9 Trillion in IRAs by the end of 2016. (2017 Investment Company Institute Fact Book)
- With more than 10,000 baby boomers retiring every day, we are on the cusp of an historic intergenerational wealth transfer that could total as much as $3.2 trillion. (RBC Wealth Management Survey.)
- As much as 30-80% of an estate could be made up of IRAs or other retirement plan assets according to most estimates.
And, let’s add a fourth fact that is worth considering: Only 3 in 10 of families have a wealth transfer strategy in place.