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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We discussed keeping the inheritance separate but spouse was adamant that we commingle it. We have a strong marriage and I think there is gratitude that I have been the primary wage earner for our entire marriage. That’s a good idea to pump up the 529 since our daughter has been talking about graduate school. She hasn’t decided but it would be good to begin funding that. We could always transfer it to a grandchild if necessary. [b]If we were to take nicer vacations I would have to reduce savings[/b]. That would be hard for me but I guess our kid will only be with us a few more years so it’s probably worth it.

I appreciate the reassurance that early retirement is not the answer here. I didn’t think so. And I don’t really want to retire yet.[/quote]

I'm not sure I understand the bolded.  You would have to reduce your pre-inheritance savings balances?  your regular contributions to those savings? Why?

If you are saying it would mean spending some of that "extra" 3M to take a vacation, well of course.   But then what even is the question you are asking? [/quote]

I guess it just feels weird not to save as much as we had been saving before. What I mean is that if I wanted to take nicer vacations, I would need to reduce our current savings levels. I can’t imagine withdrawing from the investments to do so. I guess that wouldn’t make any sense anyway. So I suppose my question is would you reduce your savings goals because you now had more in your investments?[/quote]

Yes, of course. It seems illogical that you wouldn't realize you had now "met" your savings goal. Right? I have heard that spending 1% of an inheritance is OK, as a rule of thumb, and you don't even need to spend that much. I would withdraw some to take nice vacations.

Why? Because none of us are guaranteed long lives. Rather than waiting for retirement, I think it's reasonable to travel and do some nice things now. You don't know what the future holds. A friend of ours just died in his fifties.

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