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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OP, you really need to reframe this scenario because the additional details you've shared show that it's not really about the inheritance.

Here is the fact pattern:
You have $10M in assets, are married, and are around 50 years old.
Your HHI is $500-700k/year and you plan to work an additional 10-15 years.
You've been saving $50k/year in a brokerage account, in addition to tax-advantaged saving for retirement.
Your parents are 80+ and you expect an inheritance.
 
Here is your question:
Given the facts above, can you spend the $50k/year instead of continuing to add savings to your brokerage?

And the answer is 100% yes.[/quote]

OP here - thanks for reframing.  other than we want to only work for 5-10 years this is the way to think about it.

Does retiring at 55-60 make the answer still 100%?

Because I do understand that if we keep working till 65 then i know we can spend the extra $50k.  It's really spending the $50k
AND retiring in 5-10 years.[/quote]

Yes, it's still fine. If I were in your shoes, I'd make sure tuition payments were over before I retired, but I'm pretty conservative. I'd also rather work for an extra year or two and really enjoy my money (and get weekly massages / go on great vacations with my teen and college aged kids) than kill myself budgeting and trying to make my big pot of retirement funds bigger. [/quote]

Kids have gotten money over the years from the grandparents and that should cover part of college.  My belief is that the grandparents want to fund all of the college (so grandkids can know the GP paid for the education versus just some nebulous pot of $$ they don't know about).[/quote]

NP.  My ILs are like this too- they've provided some for the grandkids college accounts but keep hinting at wanting to cover the bulk of it.  But we can't wait around and not save until they figure it out (SIL's kids are already in college and she had gotten the same story, now they are saying they may pay for grad school instead).  All in all they have ~5 million so whatever is left of that + whole life insurance benefit would go to DH and his sister, but a lot of it is tied up in complicated investments subject to heavy taxation when it is inherited.  Plus one IL will likely need memory care at some point, but they also have LTC that they think would cover the bulk of it (not sure how true that is though).

In contrast, I don't expect any inheritance from my parents, if anything we wil be supporting them.[/quote]

My widowed mom also kept hinting that she was going to help pay for law school, but never actually did anything about it. It was frustrating because my dad would have been right on the ball. The next time she mentioned helping, I asked when she planned to do it as our son was entering his final year. After that, she spoke with her advisor and then sent a check directly to the school to cover part of the final semester. I appreciated it but I didn't appreciate the uncertainty of it. [/quote]

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