Reply to When do you tell kids about family money?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I have to laugh at the posters who keep talking about millions of dollars not being a lot of money.  So insecure.  All of you. [/quote]

Well $2M is not lifechanging in that you can quit your job or take a job you love for only $45K/year.  It is enough to know that you can jump start your retirement and kid's college funds and not have to worry much about those.

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I could make two million last forever in addition to my current home, resources...You have to spend the money well, or decide where not to spend it (that includes 80k/year college...don't do it if the goal is healthiest finances possible)[/quote]

Obviously you "could" live on it.  But that is not how many of us would choose.  I'd prefer my 30 or 35 yo kid doesn't just quit their job because they get $2M.  I'd rather that $2m go to supplement life.  Allow them to go PT or on spouse to go PT (if they want) with the kids (or not).  Allow them to live closer to their jobs, so more family time (less commuting), etc.

But $2M will also allow you to be set for college (I disagree---if you are set for retirement and can save/afford the $90K school we will spend/did spend it).  And have a great start for their own retirements 
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