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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I inherited my dad's IRA. I need to empty it by 2032, which is just in time for me to be able to access my retirement accounts. So, I just retired. I'll use the inherited money to live on until I can access my retirement accounts and my pension. Wish he could have lived longer to spend his retirement accounts, but it wasn't the case.[/quote] I hear you. We led a life of limited activities, and that means my remaining parent has way, way more than they will ever need. We took few vacations. When we did, they were nearby. I don't blame them for their life of worry over money though. On the other hand, they could have created happy family memories just by doing something simple like renting a cabin for the family to gather. But they never felt they had enough even when their FA said they would have more than enough. [/quote] Same position here. One parent died, the other is in their late 80s and doesn't take care of themselves. The pile of money the one alive sits on is massive because we lived like we were poor. We didn't take vacations besides driving to a relative's house in western NC for a week each summer. I had to learn how to spend money without being anxious as an adult. It's wild. I inherited a relatives IRA and everyone was immediately like "don't touch anything!" Like I had to reinvest the RMD or the world would come to an end. I'm renovating my kitchen. It's going to be nice. [/quote]
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