KeithN: Remember when you go to the bank to tell them you are EXCHANGING not cashing in….You are EXCHANGING!!
Ify: Very Interesting news video today Historic Wealth Transfer — “The largest wealth transfer in history has begun” Sep. 13, 2016 – 3:38 – The King’s College Economics Professor Brian Brenberg on the $3.9 trillion expected to transfer from Baby Boomers to Gen X and Millennials.
http://video.foxbusiness.com/v/5122789650001/the-largest-wealth-transfer-in-history-has-begun/?#sp=show-clips
Ify: just thought it was interesting video as they go from talking about 3.9T to 30T in generational wealth transfer. might this make a great cover story for an RV?
Wiloninny: a lot of people would just allow this to pass by
VegasGal: ify: They are stating Baby Boomers to Millennials, and self-made millionaires. Well, we ARE going to put together legacy trusts and foundations, so…..???
Wiloninny: VegasGal, you are on to something
VegasGal: Who do we know that was born between 1946-1964 who is SUPER WEALTHY? A handful. Not trillions.
VegasGal: Will: Credit goes to ify, for finding this article. If you read between the lines, sure sounds like we are there. The baby boomers DO NOT have that much money. Most lost during 2008 crash, pensions, 401K’s, so what’s to transfer? Trillions? From where? 🙂
Freeway2: VegasGal – Ga – I would say from us.
VegasGal: freeway: Yes, I agree.
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Harambe: Dalio sees ‘dangerous situation’ with global debt
http://www.cnbc.com/id/103933380 http://www.cnbc.com/id/103933380
