Some of the boomer parents have lost money in their investments. Seems many investment vehicles were heavily in real estate. I would not assume the boomers’ parents are liquid and free and clear.
An example. My g/f’s mom passed away. They had some medical bills they had to cover. The dad took care of things. The dad recently passed away leaving the old house in Chula Vista to the three children. One is taking a loan on the house and paying off the two other siblings. Hardly going to retire off this.
Many of the boomers have multiple children and they will have to divide any proceeds.
