Sunday, February 13, 2005

Big Transfer of Wealth Coming

Boomer will transfer $14 billion in wealth in the next 14 year, according to the chief economist for Stewart Title. Ted Jones was a luncheon speaker for a real estate audience last week. He said if inheritance taxes were just 25% the revenue would pay off the entire federal deficit!

Most of this wealth currently exists in the form of conservative investments and liquid funds. How much will be reinvested in real estate as baby boomers acquire more property and diversify their holdings?

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