No next generation for which to build generational wealth

[Anonymous]

This is so interesting. At times I have regreted parts of not chosing careers I was posed to take that made more money. But never because I wanted to pass along generational wealth. It seems like such a strange way to live, and makes me realize that I am living in the moment more than I had thought!

[Anonymous]

Anonymous wrote:In your will, you could donate half AND leave enough to your daughter to subsidize anything she wants to do. You could start building a relationship now with nonprofit(s) doing work that is meaningful to your family.

I actually work in nonprofit, and DD likely will too. However, I don’t think I want to work specifically so I can donate more.

[Anonymous]

Wealth has value whether or not it goes to descendants. No need to label it as "generational". It's merely accumulated assets, which you can dispose of as you see fit. Buy a ticket on Virgin Galactic if you want. Donate it all to charities you favor.

You can also pass it all to your daughter, knowing she will have no descendants, and she can decide how to dispose of it once it's hers to do with as she likes. If you've instilled your values in her, presumably she'll do good things with it. If you lack confidence in what she'll do with the money, create a trust for her benefit during her lifetime and then have the remainder distributed according to your values.

[Anonymous]

Do you have nieces or nephews?

[Anonymous]

I mean if you cared, why did you only have one kid? I wouldn’t focus on what your dd says now.

[Anonymous]

Ha, I just had a really smart feminist friend tell me that she told her college boyfriend that she never wanted kids or to be a mother. He’s now her husband and they have 3 kids.

[Anonymous]

Anonymous wrote:Ha, I just had a really smart feminist friend tell me that she told her college boyfriend that she never wanted kids or to be a mother. He’s now her husband and they have 3 kids.

Oh yeah? My 37 y/o daughter has always said she doesn't want kids and guess what? She doesn't have any!

[Anonymous]

If people really wanted grandkids, why did they only have one child themselves? You’re more likely to have grandkids the more kids you have. If your daughter is aroace then she may never have kids. It’s still possible with a sperm donor if she wants one without a partner.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Was your DD sexually assaulted?

Not that I’m aware of, and I do believe she would tell me if she had been.

OP, you're on the wrong website. DCUM assumes that if you don't want kids you're either lying to yourself or you're a freak.

She claims to be asexual...so more than just not wanting kids. That can be a very typical trauma response.

[Anonymous]

Anonymous wrote:Is there anything you care about? A cause? An organization? A school? Perhaps your daughter will grow into someone with a cause, or want to start a business.

Lots of reasons!

Start a foundation. That's what we are doing.
Here's how it works, we are all better when everyone is better. It stands to reason that some people will have more, but there's more who have less.
Let the foundation be your legacy and your child's legacy. Do it as a family project.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Ha, I just had a really smart feminist friend tell me that she told her college boyfriend that she never wanted kids or to be a mother. He’s now her husband and they have 3 kids.

Oh yeah? My 37 y/o daughter has always said she doesn't want kids and guess what? She doesn't have any!

Point is the future is uncertain. Dim.

[Anonymous]

Anonymous wrote:I mean if you cared, why did you only have one kid? I wouldn’t focus on what your dd says now.

I’m completely fine not having grandkids. Just trying to figure out if it makes sense to retire early in this case!

[Anonymous]

Just have a few more kids.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I mean if you cared, why did you only have one kid? I wouldn’t focus on what your dd says now.

I’m completely fine not having grandkids. Just trying to figure out if it makes sense to retire early in this case!

Start giving her money now. Look up the gift tax limitations. Enjoy your life and enjoy spending time and traveling with your husband and daughter as much as possible.

[Anonymous]

Typical white professionals don’t have $12 MM in their 40s 🙄