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Reply to "If you knew you would inherit $6M, would you do things different?"
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[quote=Anonymous][quote=Anonymous]We live nicely in DC area with decent HHI to support our lives however I’m cheap and we don’t have new cars or fancy vacations. I know that I will inherit at least $6M at some point. Parents in late 70’s. Would you do things differently like splurge on vacations? [/quote]i Any inheritance is speculative, even if you’ve been told about it explicitly. Think of the $6M as legacy money. As money you can give to your children as adults to help them. You can’t count on it as a buffer if you are forced into early retirement or in the case your income drops due to any number of hypotheticals. You can’t count on it if you don’t fund 529s. If your HHI covers your expenses, retirement savings, 529 savings, emergency fund, and any additional brokerage contributions you feel are necessary for wealth creation: go to Europe. [/quote]
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