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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]With $9 million you can set things up to make your child’s life much easier and take financial ruin off the table. We have much much less, but our 20 year old just inherited $100,000 and he’ll invest it aggressively for retirement. Thats a huge jump on retirement savings, and basically ensures he won’t be destitute in retirement. We expect a couple million dollar inheritance. If that happens we’ll buy our kid a house. We’ve already paid for his education. If he has kids we’ll seed their college funds at birth. With all of those things our kid can have any career he wants, as long as it comes with health insurance and pays the daily bills. We never lived that free from financial worry, and probably won’t until we hit retirement age as the wealthy grandparents are happily living into very old age, but are not into passing down wealth while they are still alive.[/quote]
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