Reply to If you were to inherit $2 million, would you pay off the remaining $150k of your very low interest mortgage?

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Reply to "If you were to inherit $2 million, would you pay off the remaining $150k of your very low interest mortgage?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]DH and I inherited $3M in 2021 after having just refinanced our $750K mortgage into a 2.4% 30-year fixed. [b]We donated half of it to charity (as I assume you did as well, OP), which left us with $1.5M.[/b] We used half of that to pay off our mortgage so that we have no debt of any kind. The remaining $750K was invested in the stock market and we now have almost $3M again…plus no debt and the satisfaction of having donated $1.5M to help those less fortunate than us. [/quote]

DP but yeah, uh, no.  If I receive a potentially life-changing inheritance, it's going to be used to...actually change my life and that of my family.  Especially if I still have a mortgage!

I honestly don't understand charity.  I do know for sure that once I've achieved financial independence, I wouldn't continue the same meaningless job in the financial industry and could very well end up working in some low-paid endeavor in which I strongly believe.  But that's totally different from giving up half of the money that would actually give me the independence.[/quote]

Ironic that you’re willing to accept a gift but you aren’t willing to give one to someone else. It’s called greed and it’s one of the seven deadly sins: congrats!! Your talk of financial independence sounds strikingly similar to not wanting to work. That’s called sloth and now you’re 2 for 7.

Guess we can thank people like you for everything that is wrong in our society. [/quote]

What a crazy comment!
My mom and dad worked hard to leave me an inheritance, should I now give a big chunk of it away? Why can't I leave what was left to me to my child so she can have a good life?[/quote]

Agree with PP who inherited. No way I'm giving away a dime of inheritance to charity. My taxes pay for social programs, that's it. No more.[/quote]

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