Reply to What happened to the rich relatives...

Forum Index » Money and Finances

Reply to "What happened to the rich relatives..."

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous]My DH and I have a good deal of money, well into eight figures. When our kids were growing up we never lived to our incomes but we were comfortable. Our kids had to work for their allowances and there were no allowances in college or subsidies post college. They all have good careers, work hard and are making it on their own. We have set up 529 plans for their children and they know that there are trusts in place for them, but not until both my DH and I have passed which we hope will be a long time in coming. They will have very comfortable retirements but until then how they live is really up to them. We have provided bridge loans on mortgages which they pay back with interest and along with the 529 plans they know they are advantaged over many of their friends. It would be easy for us buy their homes or transfer a lot of money to them but we really believe that they need to be ambitious and work hard as we did. We never inherited anything substantial from our parents so we have made it on our won. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics