For years, it's been said the baby boomer generation is going to set in motion the largest wealth transfer in American history. Now, I'm thinking, maybe not so much.

The Insured Retirement Institute – in its report "Boomer Expectations for Retirement 2014: Fourth Annual Report on the Retirement Preparedness of the Boomer Generation" issued this month – found that "while more may be planning for retirement, fewer Boomers in 2014 believe leaving an inheritance to loved ones is important. In prior years, around two-thirds of Boomers believed this to be important, while only 46 percent of Boomers shared this opinion in 2014."

That's roughly a 20 percent drop off. Concurrently, the institute also found that confidence in retirement expectations is falling slightly – from 37 percent to 2011 to 33 percent in 2014.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.