SMH
·australia
·2 hours ago
How the $5.4trn wealth transfer is reshaping retirement and investing
Australians are set to inherit an estimated $5.4 trillion by 2050, marking a significant wealth transfer. Daniel Shrimksi of Vanguard Australia warns that many beneficiaries will receive this wealth later in life, often while managing their own retirement plans. Improved financial literacy is crucial, as 59 percent of Australians reportedly have low financial capability.
Summary by OZbrief · SMH
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