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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]

The "Great Wealth Transfer" isn't even close to happening. The boomer parents are now inheriting their parent's wealth. The millennials won't see that money for 10 - 20 + years. Once that happens it will further exacerbate this divide. 
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I doubt you'll see this money. It will be given to expensive long term care facilities and sent to Indian scammers.[/quote]

Nah. The smart boomers like my in-laws bought Cadillac LTC policies for peanuts. They are sitting on about 20mil and growing because they spend less than the income they make each year + social security. We are also big savers on top of what we get from them, and we only had two children so they too will see a large inheritance. [/quote]

Have you had occasion to use it yet? My grandparents had those plans and the paperwork alone was awful. Every single little expense needed documentation, and it paid out less than anyone thought. You could fight denials or under-reimbursements, but it was so time consuming and annoying to do so that my parents gave up for a lot of it. It was a stingy, time sucking experience at a time when my parents really didn’t need more administrative burdens in their life.[/quote]

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