click here: Leave a text, tell us what you liked
RetireCoast has created an extensive guide focusing on The Great Wealth Transfer, detailing how Baby Boomers can protect, prepare, and pass on an estimated $84 trillion in assets to younger generations over the next two decades. It emphasizes the critical need for estate planning, especially in light of the scheduled 2026 federal estate-tax exemption reset, which will reduce the exclusion amount significantly. The guide compares generational perspectives on wealth, highlighting how Boomers prioritize preserving legacy while Millennials and Gen X favor earlier transfers and technology; furthermore, it provides actionable tools and strategies, such as using lifetime gifting and various types of trusts, to minimize taxes and avoid probate. Finally, the text strongly advises readers to organize documents completely before consulting a coordinated team of fiduciary financial advisors, estate planning attorneys, and CPAs to create an effective and legally sound plan.
Check out our full blog article on this topic here
Enjoyed this episode? 🎙️ Don’t forget to subscribe to the RetireCoast Podcast for more conversations on retirement planning, small business growth, and life on the Mississippi Gulf Coast.
👉 Visit RetireCoast.com for in-depth articles, resources, and guides on topics we cover here.
💬 Have a question or want us to cover a topic? Email us at info@retirecoast.com or join the conversation in our Facebook group Business After Retirement: Start, Manage, Succeed.
Disclaimer: This podcast is for informational purposes only. It should not be taken as financial, tax, or legal advice. Please consult a professional before making financial decisions.
Keywords: Big Beautiful Bill 2025, Social Security changes, retirement taxes, small business incentives, retirement planning, Medicare and seniors, financial security in retirement, small business growth strategies.
