The $124 Trillion Great Wealth Transfer Won’t Be a ‘Big Bang’, Warns Northwestern Mutual CEO Tim Gerend
The Great Wealth Transfer. A shift of 124 trillion dollars from the older generation to the next generation. Many expect to witness a major event. But Northwestern Mutual CEO Tim Gerend claims that’s not the way it will play out. He thinks that the transfer could be time-consuming. It will take place in stages. And it will reveal significant gaps …