Welcome to another episode of The Chicks on the Right podcast where we have friend and sponsor of our show, Zach Abraham from Bullwork Capital Management on with us to talk about finances, money, the economy, all kinds of stuff.

And today we're going to talk about inheritance because there's a recent article from MSN.com entitled Five Re reasons that boomers are spending their money instead of

leaving it to the kids so what are what's your immediate take on inheritance and how it should be

managed and do you think the boomers are mean because i don't think they're being mean they want to

spend it on themselves they just spend it on themselves. They can just spend it on themselves. Yeah. You know what's funny from my perspective, I've actually had to, I've had to step in several times and kind of grab clients by the shoulders and shake them and say, listen, your retirement savings are not for your kid.

What is left over is for them.

But, you know, it's and one of the ways I explain it to him is I go, look, a drowning man saves

no one, right?

So if you exhaust your funds, your kid's going to end up being, you know, trying to take

care of you if they're not just a complete user right because there I've seen some of that too which I

always I always say the most disgusting part of this job is when somebody passes away um I've seen

some really good situations and families that handle it correctly but just watching the vultures

come in and oh my gosh I can only imagine. Money changes people.

Yeah.

It just and it's just it's and and the matters and the amounts really don't matter.

Right.

You're right.

It turns into it turns into a blood fight and it's just disgusting.

Yeah.

But generally speaking, so I've gotten to see a lot of different inheritances and some of what my

clients have done have greatly impacted what I plan to do. But first and foremost, yes, what you were

saying is I think that the boomers, in some ways the boomers are helping out their kids more

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