Old People Are Spending All Their Money

“I do not see my baby boomer clients giving up a vacation or wine or dinners out so that they can leave more money to their children … They say, ‘If there’s something at the end I’d love [the kids] to have it, but what’s important for me now is to get what I’ve earned, which is to travel and have a nice bottle of wine.’”
 — Baby boomers are drinking your inheritance.