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Reply to "Do you cut back on 401k/IRA saving if you expect to inherit millions?"
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[quote=Anonymous][quote=Anonymous]Don't count your chickens before they're hatched. End of life care can be extraordinarily expensive and deplete that nest egg fast. [/quote] My parents have some money but they are super tight lipped. One day in my slummy apartment building when I was in my late 20s, I overheard some middle age lady on the phone whine that her inheritance was disappearing because of medical bills. The numbers she gave for care were shocking, but it was also gross. Like a vulture. I’ll get what I get but I plan based on my income. Extra $$ would go for extras (beach house, kids grad schools and grandkid education, donations, etc.). If something happens and not a penny comes, not a problem at all.[/quote]
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