No next generation for which to build generational wealth

[Anonymous]

Anonymous wrote:

Anonymous wrote:Late 40s typical white collar professionals, ~12MM current net worth, fairly modest lifestyle, mortgage paid off and no other debt, 4 elderly parents who not only don’t need us to take care of them financially but whose NW continues to grow as well, 1 kid (in college with a fully funded 529).

DD identifies as aromantic and asexual and doesn’t want kids - ever. Granted, she’s young, but I think she knows herself pretty well. If there’s not going to be a next generation past DD, is there any point in trying to build generational wealth?

How old is she?

OP already moved on from thread

[Anonymous]

Adopt a foundling and designate them your heir

[Anonymous]

Anonymous wrote:Late 40s typical white collar professionals, ~12MM current net worth, fairly modest lifestyle, mortgage paid off and no other debt, 4 elderly parents who not only don’t need us to take care of them financially but whose NW continues to grow as well, 1 kid (in college with a fully funded 529).

DD identifies as aromantic and asexual and doesn’t want kids - ever. Granted, she’s young, but I think she knows herself pretty well. If there’s not going to be a next generation past DD, is there any point in trying to build generational wealth?

How old is she? Does she have mental health diagnosis?

You only have one kid? Obviously genetic legacy was never important to you.

[Anonymous]

Your daughter might change her mind about kids.

I don’t say that to pressure her or hold out false hope. It’s just that I remember so many friends from college and grad school who were adamantly child free and quite a few of them have decided to have children.

Your daughter is very young. Support her in her decisions, but don’t make life choices for YOU based on your daughter’s life plans at 18. That’s insane.

[Anonymous]

OP I think your question got buried here. It seems like you're focusing on the "sad I have no legacy" thing but in your comments it seems like you're actually asking if you can retire early.

Yes: with a 12m net worth, and financially independent parents and an adult child, you can retire early, provided your lifestyle is not so extravagant that you spend excessively.

[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!

So, from anecdotal data it sounds like it’s a coin flip of a teenager sticks to being child free a couple decades later?

Thanks for the insight!

[Anonymous]

Yeah, she can retire.

Yeah, loling at believing anything a silly college girl tells you about fake sexuality. Seen that many, many, many times. Your daughter should find better friends. Her biggest risk is believing them and reddit and being weirdly ideologically clueless until she wakes up one day 35 years old and realizes she was mistaken but all the good men are already taken.

Decent odds she snaps out of it in the next few years. Just retire and enjoy your time.

[Anonymous]

Anonymous wrote:OP I think your question got buried here. It seems like you're focusing on the "sad I have no legacy" thing but in your comments it seems like you're actually asking if you can retire early.

Yes: with a 12m net worth, and financially independent parents and an adult child, you can retire early, provided your lifestyle is not so extravagant that you spend excessively.

OP here. Yes, I’ve been replying throughout the thread, but it seems people have misunderstood me. I have zero sadness about potentially not being a grandparent. I was simply wondering if it’s responsible of me to stop working at this point, and it sounds like it is!

[Anonymous]

Anonymous wrote:

Anonymous wrote:OP I think your question got buried here. It seems like you're focusing on the "sad I have no legacy" thing but in your comments it seems like you're actually asking if you can retire early.

Yes: with a 12m net worth, and financially independent parents and an adult child, you can retire early, provided your lifestyle is not so extravagant that you spend excessively.

OP here. Yes, I’ve been replying throughout the thread, but it seems people have misunderstood me. I have zero sadness about potentially not being a grandparent. I was simply wondering if it’s responsible of me to stop working at this point, and it sounds like it is!

Nieces, nephews, friends’ kids that could use scholarship support?

[Anonymous]

You can have your estate go into a trust that will pay for any future grandchildren, and if there are none, donates to charity. It could be a slow drip like it pays 5% to charity each year, and after X years, if no grandhildren, then the rest goes to charity. This is in addition to any you planned to give your DD.

[Anonymous]

No start spending it on yourselves. Travel.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Your DD has no idea what her life will bring. Most people feel the urge to procreate by their 30s. Not to say it will or won't happen, but now is not the time to decide there won't be another generation.

In the meantime, plan your life with great experiences--take fun vacations, cook nice dinners, be with family and friends as often as you can. You have plenty of money and should not limit yourself. But probably not the time to buy a private jet and an island in the Caribbean.

So says a mommy living in her mommy bubble and assuming everyone thinks like her.

I know many, many perfectly happy people who feel no such urge.

NP. Sure some people don't feel the urge to procreate, but the majority of people do, as PP pointed out.

Calling PP "a mommy living in a mommy bubble" for making a common sense observation makes you sound bitter and condescending.

[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.

Good to hear. I wish I was closed to my daughter like that so she could tell me if things like that happen. She is currently in college. We are divorced, I know she will tell her mom but she is stubborn just like and will try to ride it alone.

How is she riding it alone if she’d tell her mom?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Your DD has no idea what her life will bring. Most people feel the urge to procreate by their 30s. Not to say it will or won't happen, but now is not the time to decide there won't be another generation.

In the meantime, plan your life with great experiences--take fun vacations, cook nice dinners, be with family and friends as often as you can. You have plenty of money and should not limit yourself. But probably not the time to buy a private jet and an island in the Caribbean.

So says a mommy living in her mommy bubble and assuming everyone thinks like her.

I know many, many perfectly happy people who feel no such urge.

NP. Sure some people don't feel the urge to procreate, but the majority of people do, as PP pointed out.

Calling PP "a mommy living in a mommy bubble" for making a common sense observation makes you sound bitter and condescending.

No, what’s actually condescending is to not take at face value when someone says they don’t want to have kids just because you do or “most people” do.

[Anonymous]

Donate sperm