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Metropolitan New York City
Reply to "Steer DC to a major with better employment outlook?"
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[quote=Anonymous]In a similar boat, although with 2 kids, slightly higher net worth. probably 6-10mm coming from grandparents eventually. we discussed this over the weekend exactly. We would rather our kids be happy. One likes money but isn't ambitious enough. the other is quite smart and driven but doesn't care about $$. here is how we came out - use the "grandparents $$" to essentially fund an annuity for 40 years, providing them with $100k a year (growing 2-3% a year). this will allow them to live comfortably and choose a job/career that they enjoy. they could be teachers for example but live relatively well. [/quote]
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