Surprise -- You’re a Millionaire!

Column distributed by Hearst Connecticut Media Group.

Links to resources referenced:

Cerulli Associates: “Cerulli Anticipates $124 Trillion in Wealth Will Transfer Through 2048”
- https://www.cerulli.com/press-releases/cerulli-anticipates-124-trillion-in-wealth-will-transfer-through-2048
  - Related column excerpt:
    - “Cerulli, a research, consulting and analytics firm that focuses on the financial services industry, projects that through 2048, $105 trillion will flow to heirs, with another $18 trillion going to charity.”
CNBC: “Women will get most of the $124 trillion ‘great wealth transfer,’ studies show. Here’s why”
- https://www.cnbc.com/2025/03/12/most-of-the-124-trillion-great-wealth-transfer-will-go-to-women.html?irclickid=Xf12DHwZ7xycU1nVIgRcNy3xUksVouXFIzLh180&irpid=121977&irgwc=1
  - Related column excerpt:
    - “What about the person receiving the inheritance? In most cases, parents leave inheritances to their children if widowed or divorced. If married, spouses leave money to their surviving spouses. In either case, ultimately, according to Kay Hope, research analyst at Bank of America Global Research, “women will receive most of it,” according to an article on CNBC.com”
National Day Archives: National 401(k) Champion Day / Jun 15
- https://www.nationaldayarchives.com/day/national-401k-champion-day/#:~:text=When%20will%20National%20401(k,(k)%20Champion%C2%AE%20Day%3F
  - Related column excerpt:
    - “On another note, as part of my pro bono financial literacy efforts, I sponsor the national 401(k) Champion Award Competition (401kchampion.com), which honors 401(k) participants who not only use their 401(k)s wisely to save for retirement, but also encourage others to do the same. The essay competition launched on June 15, National 401(k) Champion Day, which was celebrated for the first time on June 15 of this year.”