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Reply to "Should I increase life insurance from 1M to 2M?"
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[quote=Anonymous]Sure, but she should also know how to make the money last and what her career is going to be when the kid(s) are in school. My ex partner died unexpectedly. I'm very low income earner (long story). We are living well on survivor's benefits now plus my part time income filing as HH. I invested some of my income and it turned into that million. Some stocks and crypto did 10X+. The kid will inherit $300k at 18, which we won't even touch. Can't get to it before as I have no interest in being the custodian for the child's money. Shortly, she needs to learn to manage money and not just be handed enough.[/quote]
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