Forget about the inheritance, kids — the (affluent) parents are more worried about having enough money to see them through retirement.
The 2015 TIAA-CREF Affluent Investor Barometer survey found that 50 percent of affluent investors — those with $250,000 or more in investable assets — said their most important investment goal was generating income in retirement. Not convinced? Forty-one percent said that their top goal is to accumulate savings for retirement.
Just 5 percent are thinking about amassing a legacy for their heirs, and even among investors with $1 million or more in investable assets, their top concern is not the kids; just 10 percent said that leaving heirs with a legacy was their primary focus.
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