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Monday, March 31, 2014

Why you might be in for a whopping inheritance

An interesting article from The Financial Post analyzes a new study from BMO that paints a much rosier picture of retirement than we are used to seeing. Statistically, about 50% of Canadians will inherit a lot more than was previously thought. Click here to read the article, which includes some tips on what to do if you should receive a large inheritance.

It's never a good idea to count on an inheritance in advance to bail you out of financial difficulties. There is no guarantee that you'll receive anything, or that the amount you do inherit will be what you expected. However, there is no doubt that once you do receive an inheritance, it can take the pressure off your money situation.

The attached photo accompanied the article in the Financial Post and is credited to Getty/Thinkstock.

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