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Reply to "If you know you’ll be inheriting a significant amount"
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[quote=Anonymous][quote=Anonymous]If you’re just talking about your parents’ personal wealth, like in brokerage accounts and such, you can’t count on or adjust for it at all. For one thing, your parents will hopefully live a very long time. For another you can’t account for long term care, new spouses, scams etc. A lot can happen. If you’re talking about like >$15m with intergenerational trust accounts and such I think you can take more risks than you might otherwise. It’s a safety net. [/quote] My situation is the 15M sort. A descendants trust with assured income to me, and my children. I only contribute to the match on 401k. I dont save for the kids college- it’s funded. I can take career risks. I don’t have a fear about starting a business. I have a very different portfolio than peers, which I manage with an advisor[/quote]
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