Q&A: Your Kids Just Inherited $350,000 Each. Now What?
Afford Anything | Make Smart Money Choices
Paula Pant | Cumulus Podcast Network
4.7 • 3.6K Ratings
🗓️ 19 May 2026
⏱️ 73 minutes
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Summary
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| 0:00.0 | Joe, there's a major phenomenon that's about to happen that people really aren't talking about much. |
| 0:05.8 | And it's called the Great Wealth Transfer. Have you heard this phrase? |
| 0:09.7 | No, I was hoping for like the great ice cream transfer. That'd be cool. |
| 0:13.2 | Jeff, where would the ice cream transfer from and too? |
| 0:16.9 | From Andy's ice cream and Texarkana to my mouth. |
| 0:20.1 | Well, you could make that happen using the wealth from the transfer to purchase ice cream. |
| 0:26.6 | Cool. |
| 0:26.8 | You see, it is a unit of exchange. |
| 0:29.4 | I'm in now. |
| 0:30.3 | I'm in. |
| 0:30.8 | Let's do this. |
| 0:32.2 | Well, so the great wealth transfer references baby boomers who were the largest generation prior to the millennials. The oldest |
| 0:41.6 | ones are now entering their 80s. And soon their accumulated wealth will pass to younger generations. |
| 0:49.8 | And so that is something that is going to start happening with more and more frequency. We don't really |
| 0:55.5 | hear a lot of people talk about it. There's a lot of emotion, a lot of shame around the notion |
| 1:02.0 | of inheritance, but it's something we're going to unpack in today's episode. Well, and I think part of |
| 1:07.8 | the reason people don't talk about it is they're not sure who to wealth transfer to. |
| 1:12.2 | And if you're struggling with that, just write me, Joe at stackybedgements.com. |
| 1:15.4 | I'll be happy to help. |
| 1:18.4 | You'd be happy to be the recipient. |
| 1:20.1 | I'll volunteer. |
| 1:21.1 | How generous of you, Joe. |
... |
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