Reply to Switching to spending down savings

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Just don’t be like my in-laws. They never figured out how to do it. They are worth almost $20M from the sale of a business and live on their social security checks plus about $40k/year. [/quote]

Can we have one thread without gratuitous in law bashing? Your response isn’t helpful in the slightest.[/quote]

It’s not bashing. It’s a cautionary tale on how not to behave with your money. It actually benefits me if they DON’T spend it. More inheritance for us! It’s just sad though - they should be living their best life. [/quote]

Sad in your mind or are they sad because they can't figure out how to spend? Maybe they are happy as they are? [/quote]

I'm a DP, and I really don't understand why you keep going on this. The PP was simply trying to help people with frame of mine in terms of spending. And then they say that it is only sad that the parents can't enjoy, basically, the fruits of their labor more at this stage of their life. As PP said, dad wants a new car but can't bring himself to spend the money, mom wants a big party, but doesn't want to spend the money. So that is sad when they have that kind of NW. [/quote]

I was a DP. Sorry. [/quote]

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