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Money and Finances
Reply to "Tell us about your windfall. DOes it really ever happen?"
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[quote=Anonymous]My parents saved and invested well and lived comfortably but below what they could have. I always planned as if I would get little or no inheritance from them since, as we all should know, things can happen and they could live to be 100 in a nursing home with dementia (as one of my cousin's wife's mother has), so I always considered it to be their money, not mine. In the last 3+ years they both died at age 87 (father) and 86 (mother), and as a result my brother and I have each inherited a bit under $2M. I spent most of the past 5 yrs., and a good bit of the last 10-15, helping them get through various medical situations and emergencies (multiple cancers, car accident, dementia, etc.). I learned from my father and always lived within my means and saved and invested (25+ yr. federal career after some private experience), so I had a very healthy nest egg of my own. But this gave me the flexibility to not think twice about taking a buyout and early retirement this year and leaving a very dysfunctional work situation rather than working for 2 more years (maybe 4 if I wanted, if things got better). We are not "rich" in the sense that we can start buying Bentleys and vacation houses and spending ridiculously (I'm 58, DW is 53 and will be working another 7-10 yrs. (non-Fed, much lower income), but we have the security to know that we should be able to maintain our lifestyle (which is fairly modest) with enough cushion to last a long time. [/quote]
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