The Post-Retirement Generation Leaving a Legacy

Executive Summary

The roughly 42 million Post-Retirees born in 1945 or earlier represent the highest-net-worth segment in the current US economy. They fall into two camps: those who continue to spend and accumulate, and those who are actively downsizing.

Downsizing or not, HNW Post-Retirees are deeply concerned about their legacy to their families and to society at large. Wealth management teams will be tasked with supporting the implementation of estate plans. Insurance advisors will have the opportunity to help protect all parties during a process that will likely include changes of coverage, beneficiaries, and insureds.