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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Just don’t be like my in-laws. They never figured out how to do it. They are worth almost $20M from the sale of a business and live on their social security checks plus about $40k/year. [/quote]

Maybe they don't want any more?  Want to leave it to future generations and/or charity?  Or are they fearful?[/quote]

I agree this doesn't tell us anything. It certainly is sad if they are forgoing enjoyment out of misplaced fear of overspending, but a retired couple with a paid-off house can live quite comfortably on $80,000 a year or so.[/quote]

I’m the PP with the in-laws. It’s some of both. They aren’t extravagant people but there are definitely things they both want that they don’t allow themselves and it’s silly. FIL would love a new car and MIL really wants to throw a large milestone anniversary party for them and each is telling the other one no. Us kids are telling them do both and don’t give it another thought! They go on and on about wanting to host an extended family vacation (like a cruise or something) but then balk at what it will cost. Their own parents contributed more than half of college expenses for my DH and his two siblings and his parents won’t put anything in our kids 529s. They are in danger of running up against estate tax issues, especially if laws change, and even they hate that idea, but they are too afraid to start transferring even minor amounts of money to their kids or grandkids, even though their portfolio grows significantly every year because they spend so little of the income it throws off. Not saying they need to dramatically change their lifestyle but there is definitely a lot of unfounded anxiety at play and it’s very sad. [/quote]

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