# How Late-Life Inheritance Funds Second Retirement

> 50- and 60-somethings use inheritances for early retirement, second careers, or family trips.
- Title: How Late-Life Inheritance Funds Second Retirement · Kiplinger
- Summary: 50- and 60-somethings use inheritances for early retirement, second careers, or family trips. People in their 50s or 60s using inheritances for early…
- Keywords: inheritance, second retirement, late-life inheritance, financial freedom, early retirement, family trips, long-term care, inheritance planning, Late-Life, Funds, Second, Retirement
- Source: Kiplinger — https://kiplinger.com/retirement/inheritance/how-to-maximize-a-late-in-life-inheritance-for-a-second-retirement
- Published: 2026-10-09T13:05:00+00:00
- Read time: 1 min
- Topics: inheritance, second retirement, late-life inheritance, financial freedom, early retirement, family trips, long-term care, inheritance planning
## The Great Wealth Transfer
The next generation receives inheritances much later in life as life expectancies lengthen.
## Second Retirement Phase
People in their 50s or 60s use inheritances for unexpected financial freedom to rewrite their timeline.
## Buying Time
Most 60-year-olds try to get rid of stuff, not buy more, so inheritance money buys time instead of possessions.
## Joshua Mangoubi's View
Joshua Mangoubi, founder and chief investment officer at Considerate Capital Wealth Management, says most 60-year-olds use inheritance money to buy time.
## Long-Term Care Costs
The median annual cost of assisted living is $74,400 and a private nursing home room is $130,000 as of 2025.
## Family Support
People in their 50s or 60s often use inheritances to support children and grandchildren financially.
## Brandon Cox's Insight
Brandon Cox, CFP and founder of Coastline Complete Wealth, says many inheritors skip a generation economically.
## Early Retirement
Inheritances can trigger early retirement, allowing people to abandon their careers for financial independence.
## Patrick Simasko's View
Patrick Simasko, elder law attorney and financial adviser, says kids often retire earlier than their parents.
## Financial Security
Inherited assets can strengthen retirement security for those without traditional pensions.
## Meaningful Work Shifts
Some people use inheritances to pivot to part-time work, new careers, or volunteering.
## Family Experiences
Inheritances fund family trips and experiences that create lasting memories.
## Key takeaway

People in their 50s or 60s using inheritances for early retirement, second careers, or family experiences.