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Reply to "Switching to spending down savings "
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[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] +1 As well as the fact that if I had that much money (and we do), I'd want to see my kids and grandkids benefit from it when it matters most (college age and just after). It can change the entire trajectory of their future lives, without much impact on the couple. [/quote]
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