Would you rather: inheritance vs. private school

[Anonymous]

Would you rather:

1. Give each of your kids a $1m inheritance

2. Give each of your kids a $400-500k inheritance and send them to private PK-12

Assume college tuition and retirement are taken care of.

[Anonymous]

My daughter’s private school education has been the greatest gift I could give her. I would pick option 2.

[Anonymous]

1, no question.

My kids are thriving in the public magnets.

[Anonymous]

My older kids are grown and on their own. They did well in their public schools and then their colleges have lead to good, solid careers. I think they'd appreciate now if they had the inheritance rather than private school. My youngest will be doing private school route and I am kinda regretting the money spent - even though DC child thriving.

[Anonymous]

Depends on the child and situation. I think mine would do better in a private. But, for another child, public is better. Mine likes public so its a non-issue but given the choice, private.

[Anonymous]

Private, no hesitation.

[Anonymous]

On what planet is a good idea to give any kid a $1 million inheritance? Way to destroy their ambition, drive and motivation to do anything for themselves.

[Anonymous]

Anonymous wrote:Depends on the child and situation. I think mine would do better in a private. But, for another child, public is better. Mine likes public so its a non-issue but given the choice, private.

+1 this is completely child dependant. I have one of each. You can always try it out and switch though.

[Anonymous]

Anonymous wrote:On what planet is a good idea to give any kid a $1 million inheritance? Way to destroy their ambition, drive and motivation to do anything for themselves.

Most kids would be full adults by the time that happens. Good for the parents for doing it.

[Anonymous]

Anonymous wrote:On what planet is a good idea to give any kid a $1 million inheritance? Way to destroy their ambition, drive and motivation to do anything for themselves.

Because its a lot and still not much. With that capital they can start a business or get a good career going.

[Anonymous]

2

[Anonymous]

We are trying to leave to each of our own kid real estate in the value of 1mil each. We aren’t there yet, but kids are still 6 and under. We are also doing private school for now, but that’s only because employer pays for half tuition.
My parents gave me real estate and I feel it’s my duty to do the same for my kids instead of using the money for trips, meals, clothes, etc.

[Anonymous]

Anonymous wrote:We are trying to leave to each of our own kid real estate in the value of 1mil each. We aren’t there yet, but kids are still 6 and under. We are also doing private school for now, but that’s only because employer pays for half tuition.
My parents gave me real estate and I feel it’s my duty to do the same for my kids instead of using the money for trips, meals, clothes, etc.

we have 3 kids and DH and I would retire in a 1 bedroom and leave very thing to the kids and their families

[Anonymous]

Anonymous wrote:We are trying to leave to each of our own kid real estate in the value of 1mil each. We aren’t there yet, but kids are still 6 and under. We are also doing private school for now, but that’s only because employer pays for half tuition.
My parents gave me real estate and I feel it’s my duty to do the same for my kids instead of using the money for trips, meals, clothes, etc.

If your employer is paying half, I"d absolutely do private school.

[Anonymous]

Of course #1