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Reply to "Best use for 1.6 million inheritance "
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[quote=Anonymous][quote=Anonymous]Enough with the low retirement savings. They have 2 million in their forties! Plus $800,000 in brokerage. That is more than solid.[/quote] Compared to what we can infer their lifestyle to be... actually no. Not solid at all. They likely have a high income to send 3 children to private school and pay a large mortgage. Unless they're house poor and have a very frugal lifestyle, which I doubt very much, they are used to a certain style of living. 2M in late 40s might be enough if invested wisely. But again it might not, if OP and her husband wish to continue with an equivalent lifestyle during retirement, or if the funds don't grow because of poor investment decisions. [/quote]
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