Reply to Steer DC to a major with better employment outlook?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]With these kinds of assets she can live comfortably with whatever salary she earns after graduating from a top college.   If I was in you position, I'd prioritize letting her pursue her interests and living a happy life.[/quote]

But it’s not like she will have $9M at graduation. It could be 20+ years before she sees inheritance from grandparents IF they leave her anything. We can help her financially at the beginning but probably limited since we have to cover our retirement. She would eventually see a sizable inheritance but she might be in her 40’s or 50’s when we pass away…[/quote]

I think what they are saying (correct me if I am wrong) is that unlike most people who need to make enough to live on PLUS save money for later in life, if she makes enough to live on, she should be fine, as she likely doesn't really need to save anything. So the bar is a lot lower.  If she wants to teach or something similar, that should probably be OK.

I hate to be morbid but I'm assuming money from the grandparents will be coming sooner rather than later so might be known before she has to make this decision. Hopefully this will not be the case and they will live healthy lives for many years but I'm assuming they are at least pretty far into their 70s.[/quote]

OP here. That’s an interesting perspective that I’ve never thought of. We’ve always worked hard and saved diligently and never assumed automatically that our parents would help us out although they have been pretty generous. They could always decide to gift their assets to charities and we would totally be fine with it, so I never included that consideration in our financial planning. [/quote]

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